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Euro Crash: The Exit Route from Monetary Failure in Europe

Those who think that Euroscepticism is just a British phenomenon need to take a long, hard look at the populism on the march across Europe and ask themselves why it is happening. Then they need to work out what they are going to do about it. Another option would be for Italy to precipitate change by leaving the euro. Italians with savings would see their value decimated by a return to the lira. The only way Italy will leave the euro is by mistake, and then it would be catastrophic. A third option would be for the conduct of European economic policy to become less fixated on austerity.

There could be less emphasis on hitting arbitrary budget deficit targets, a move away from the neoliberal structural adjustment policies imposed on those countries seeking support, an acceptance that those countries trying to cope with migration flows across the Mediterranean need much more financial help than they are currently getting, and a Marshall plan for Africa of the sort floated by Soros.

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Retrieved 24 September Retrieved 16 May Retrieved 23 January Retrieved 3 August Retrieved 3 March How the Greek debt puzzle was solved". Retrieved 29 February Retrieved 13 March Retrieved 18 April Retrieved 21 February Retrieved 27 March Retrieved 20 January Retrieved 12 March Lancaster University Management School.


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Risk-reducing and risk-sharing in our Monetary Union

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We ask the Council to consider these Proposals as a matter of urgency by the end of When an effective single supervisory mechanism is established, involving the ECB, for banks in the euro area the ESM could, following a regular decision, have the possibility to recapitalise banks directly.

Euro Crash: The Exit Route from Monetary Failure in Europe by Brendan Brown

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Retrieved 10 January Cambridge Press for the Royal Economic Society, , — The bookscover both contemporary trends and historical topics. Brown is a regular contributor to Japanese and European financial media. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? Euro Crash diagnoses the three fatal design flaws in EMU as constructed by the Maastricht Treaty and analyses future likely monetary scenarios for Europe, demonstrating how the best of these would be the creation of a new narrow monetary union between France and Germany founded on strict monetarist principle and without a European Central Bank.

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Review 'The majority of economic analysts, especially those in financial markets, follow governments, central banks and international institutions in trusting to large-scale macroeconomic forecasts Palgrave Macmillan; 2nd ed. Try the Kindle edition and experience these great reading features: Share your thoughts with other customers. Write a customer review. Showing of 1 reviews. Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now. Please try again later. Brendan Brown is an economist and author.