Saving Europe : how national politics nearly destroyed the euro / Carlo Bastasin.

Format:

Book

Author/Creator:

Bastasin, Carlo, 1959-

Language:

English

Subjects (All):

Monetary policy--European Union countries--History--21st century.

Monetary policy.

Global Financial Crisis, 2008-2009.

Euro.

Greece--Economic policy--21st century.

Greece.

Physical Description:

1 online resource (419 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : Brookings Institution Press, c2012.

Language Note:

English

Summary:

Three times in the few years since the global financial crisis erupted, the euro has come close to extinction, endangering both the world economy and history's most ambitious project in shared sovereignty. Yet each tim e, the case for a common currency proved to be more compelling than its weaknesses, and the euro survived. Saving Europe reveals how the nexus of international economics and national politics pushed monetary union to the brink of a breakup, how that disastrous development was avoided, and why the long-term viability of a common currency challenges politics as we know

Contents:

The origin of mistrust

The secrets behind the banks

Europe's awkward ambitions to change the world

Too different for one policy

First doubts about the euro

The American crisis becomes the European crisis

The European central bank's first rescue of the states

Karlsruhe, ruling the world from the province

The well-known secret of the Greek tragedy

Let Greece default

Bringing the euro to the brink, in order to save it

Sell your islands

Contagion

Dr. Faust saves the euro

From a new complacency to the Irish crisis

A sophisticated way to commit suicide

A fateful fight between the ECB and the heads of governments

The crisis reaches Italy and Spain

Berlusconi's moral hazard and the German waterboarding strategy

Solution or dissolution : political union or the end of the euro

Epilogue : toward the political union.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613531544

9781280127663

128012766X

9780815721970

0815721978

OCLC:

784958109