The Collapse of the Eurozone: Disaster or Liberation?

Mark Baimbridge and Philip Whyman

Chapter 12 in Crisis in the Eurozone, 2015, pp 186-201 from Palgrave Macmillan

Abstract: Abstract The current crisis and potential ultimate demise of the European single currency in its exiting format was predictable because it stems from deep-seated flaws within its structure. If policy-makers understood fully the impact of their action, they would never have launched the euro, unless, of course, ideology simply overrode common sense. Only fear of the consequences of a break-up is now keeping it together, and doing so at great cost, both in terms of bailout resources and, more importantly, degrading the life chances of a great number of eurozone citizens, clearly never the intention of the European integration project. The present chapter seeks to remove this fear through an analysis of the probable consequences.

Keywords: Monetary Policy; Aggregate Demand; Full Employment; Capital Control; Wage Bargaining (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32903-5_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137329035

DOI: 10.1057/9781137329035_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().