Walking the highwire : rebalancing the European economy in crisis / Olli Rehn, with a foreword by Mark Carney.

Format:

Book

Author/Creator:

Rehn, Olli, author.

Contributor:

Carney, Mark, writer of foreword.

Alumni and Friends Memorial Book Fund.

Language:

English

Subjects (All):

Financial crises--European Union countries.

Financial crises.

European Union countries.

Physical Description:

xxv, 371 pages : illustrations (some color) ; 24 cm

Place of Publication:

Cham, Switzerland : Palgrave Macmillan, [2020]

Summary:

Walking the Highwire tells the story of the Eurozone Crisis from the perspective of the former Vice-President of the European Commission who was responsible for Economic and Monetary Affairs in 2010-2014. It is a comprehensive European account that covers both events and decisions in Brussels and Frankfurt and in the member states, both in distressed countries and creditor states. It also provides an economic-political analysis of the crisis and its management, recognising that the Euro was created politically, and saved politically. Thoroughly researched and based on economic analysis of the time, reports on various meetings and the author's own speaking notes and diary, this book begins with a narrative of crisis management 2009-2012, before moving on to address the beginning of the recovery from 2013-2014. It concludes with the lessons learnt from the crisis and a programme for reform of the Eurozone in the 2020s, with contemporary policy relevance. This is an entertaining and engaging account which will be of interest to a wide audience: scholars and students, practitioners and commentators of the Eurozone.

Contents:

Machine generated contents note: pt. I Setting the Scene

1. Introduction

2. A Peripheral Finn in the Capital of Europe

pt. II Managing the Crisis

3. Fire Brigade to Athens

4. Big Bazooka by Night

5. Deauville Doomsday and Voldemort in Ireland

6. Comprehensive Crisis Response

7. Summertime Blues in Italy

8. The Hour of Obama

-And Don Camillo

9. Flexing the Six-Pack

10. Gasp of Air Before the Plunge

pt. III Turning the Tide

11. "Whatever It Takes" and the Banking Union

12. Recovery Arrives by Stealth

13. Bastah Austerians vs. Spendanigans

14. The Great Rebalancing: France and Germany

15. Baltic States Set Sail Against the Wind

16. Aftershocks That Didn't Explode

-And the Brexit Bomb

pt. IV Learning the Lessons

17. The Jury Is Out: Fiscal Multiplier vs. Financial Accelerator

18. Misadventures of Dismal Science

19. Lessons of the Crisis for Eurozone Reform

pt. V Looking Back, Looking Forward

20. Epilogue.

Notes:

Includes bibliographical references and indexes.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

3030345912

9783030345914

OCLC:

1122449017