EMU is Dead: Long Live EMU!

Brendan Brown

Chapter 5 in Euro Crash, 2012, pp 177-203 from Palgrave Macmillan

Abstract: Abstract When the first edition of this book was published in early 2010 it was still far from evident that a jury (made up of citizens from across the euro-zone, appropriately chosen so as to be representative of diversity) would sustain any of the prosecutor’s indictments against EMU and the ECB. And a final catch-all indictment in the form ‘it would have been better if EMU had never existed’ stood hardly any chance of being upheld. Now, two years on, there is a much greater likelihood that a jury would deliver a guilty verdict, though much would still depend on the power of advocacy used by both sides. There are many floating half-credible hypotheses and prejudices out there which the defence lawyers (for EMU and the ECB) could use to sway the jury.

Keywords: Central Bank; European Central Bank; Monetary Union; European Monetary Union; European Monetary (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36919-1_6

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DOI: 10.1057/9780230369191_6

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