Europe's deadlock : how the euro crisis could be solved-- and why it won't happen / David Marsh.

Format:

Book

Author/Creator:

Marsh, David.

Language:

English

Subjects (All):

Euro.

Eurozone.

Financial crises--European Union countries.

Financial crises.

Monetary policy--European Union countries.

Monetary policy.

European Union countries--Economic conditions.

European Union countries.

Physical Description:

1 online resource (145 p.)

Edition:

1st ed.

Place of Publication:

New Haven : Yale University Press, 2013.

Language Note:

English

Summary:

In this short, fiercely argued book, David Marsh explains how five years of continuous crisis management not only have failed to resolve the EurozoneÆs problems but have actually made things worse. While austerity-wracked southern states descend into misery and resentment, creditor countriesùled by Germanyùfear that they will be forced to subsidize their weaker brethren indefinitely. Constructive dialogue has collapsed as European decision making descends into terrified paralysis, and the potential paths out of the impasse are blocked by indecision and incompetence at the top. As voters in Greece and Italy rebel against externally imposed hardship, and the sums needed to bail out failed economies reach ever more staggering proportions, the contradictions at the heart of the European project are becoming more and more obvious. Marsh warns that the current succession of complex technical fixes cannot sustain the Eurozone on life support indefinitely. Radical solutions are on offer, but without leaders who are strong and principled enough to push them through, Europe risks a depressing future of permanent decline.

Contents:

Front matter

Contents

Preface

Introduction

1 .Unhappy family

2. Dashed illusions

3. The German question revisited

4. Winners and losers

5. A dangerous vacuum

6. Irreparable errors

7 .The technocrats stumble

8. A bank unlike the others

9. The Cyprus cauldron

10. Sovereignty - the tipping point

11. Fear holds the key

12. Germany's limits

13 .The French connection

14 .The Bundesbank strikes back

15. In Italy, more showdowns

16 .The chimera of banking union

17 .The IMF's European conundrum

18. Anglo-Saxon ambivalence

19. Asia's star rises

20. War and peace

Notes

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

0-300-20438-8

OCLC:

855907792