How To Fix The Euro

Author: Stephen Pickford
Publisher: Chatham House
ISBN: 9781784130138
Size: 46.97 MB
Format: PDF
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How To Fix The Euro from the Author: Stephen Pickford. The global economic and financial crisis that started in 2007 exposed serious flaws in the euro's original design. This report examines why Europe's economic and monetary union was so badly affected by the crisis, and assesses whether further changes need to be made to the structure of economic governance that underpins it. A Chatham House, Elcano and AREL Report

The Euro

Author: Joseph E. Stiglitz
Publisher: W. W. Norton
ISBN: 9780393354102
Size: 37.23 MB
Format: PDF, ePub
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The Euro from the Author: Joseph E. Stiglitz. The Nobel Prize winning economist and best-selling author explains why saving Europe may mean abandoning the euro."

Too Big To Save How To Fix The U S Financial System

Author: Robert Pozen
Publisher: John Wiley and Sons
ISBN: 9780470572979
Size: 65.53 MB
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Too Big To Save How To Fix The U S Financial System from the Author: Robert Pozen. Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out. While there is little question that immediate action was required to stabilize the situation, it is now time to look for a long-term plan to reform the United States financial industry. That is where Bob Pozen comes in. Perhaps more than anyone in the industry, Pozen commands the respect and attention of the public and private sector. In this timely guide, he outlines his vision for the new financial future and provides actionable advice along the way. To Pozen, there are four high-priority problems that must be addressed, and this book puts them in perspective Analyzes alternative models for government stakes in banks Recommends a new board structure for large financial institutions Examines the importance of broader Fed jurisdiction over systemic risks Proposes a way to revive the securitization of loans With Too Big to Save, you'll learn the likely future of the finance industry and understand why changes have to be made.

Bust

Author: Matthew Lynn
Publisher: John Wiley & Sons
ISBN: 9781119990680
Size: 10.79 MB
Format: PDF, ePub, Docs
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Bust from the Author: Matthew Lynn. In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, Bloomberg columnist Matthew Lynn explores Greece's spectacular rise and fall from grace and the global repercussions of its financial disaster. Page by page, he provides a thrilling account of the Greek financial crisis, drawing out its origins, how it escalated, and its implications for a fragile global economy. Along the way, Lynn looks at how the Greek contagion has spread like wildfire throughout Europe and explores how government ineptitude as well as financial speculators compounded the problem. Blending financial history, politics, and current affairs, Lynn skillfully tells the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Lively, engaging, and thought provoking, Bust reminds us just how interconnected the world really is.

Unhappy Union

Author: John Peet
Publisher: Profile Books
ISBN: 1782830839
Size: 79.14 MB
Format: PDF, Docs
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Unhappy Union from the Author: John Peet. The euro was supposed to create an unbreakable bond between the nations and people of Europe. But when the debt crisis struck, the flaws of the half-built currency has brought the EU close to breaking point after decades of post-war integration. Deep fault-lines have opened up between European institutions and the nation-states, and often between the rulers and the ruled, raising profound questions about Europe's democratic deficit. Belief in European institutions and national governments alike is waning, while radicals of both the left and the right are gaining power and influence. Europe's leaders have so far proved the doomsayers wrong and prevented the currency from breaking up. "If the euro fails, Europe fails," says Angela Merkel. Yet the euro, and the European project as a whole, is far from safe. If it is to survive and thrive, leaders will finally have to confront difficult decisions. How much national sovereignty are they willing to give up to create a more lasting and credible currency? How much of the debt burden and banking risk will they share? Is Britain prepared to walk away from the EU? And will other countries follow? In their astute analysis of the crisis, the authors describe America's behind-the-scenes lobbying to salvage the euro, economists' bitter debates over austerity, the unseen manoeuvres of the European Central Bank and the tortuous negotiations over banking union. In the final chapter, they set out the stark choices confronting Europe's leaders and citizens.

What S Wrong With The Europe Union And How To Fix It

Author: Simon Hix
Publisher: John Wiley & Sons
ISBN: 0745658377
Size: 63.64 MB
Format: PDF, Mobi
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What S Wrong With The Europe Union And How To Fix It from the Author: Simon Hix. The European Union seems incapable of undertaking economic reforms and defining its place in the world. Public apathy towards the EU is also increasing, as citizens feel isolated from the institutions in Brussels and see no way to influence European level decisions. Taking a diagnosis and cure approach to the EU’s difficulties, Simon Hix tackles these problems with distinct clarity and open-mindedness. What the EU needs, Hix contends, is more open political competition. This would promote policy innovation, foster coalitions across the institutions, provide incentives for the media to cover developments in Brussels, and enable citizens to identify who governs in the EU and to take sides in policy debates. The EU is ready for this new challenge. The institutional reforms since the 1980s have transformed the EU into a more competitive polity, and political battles and coalitions are developing inside and between the European Parliament, the Council, and the Commission. This emerging politics should be more central to the Brussels policy process, with clearer coalitions and identifiable winners and losers, at least in the short term. The risks are low because the EU has multiple checks-and-balances. Yet, the potential benefits are high, as more open politics could enable the EU to overcome policy gridlock, rebuild public support, and reduce the democratic deficit. This indispensable book will be of great interest to students of the European politics, scholars, policy makers and anyone concerned with the future of the European Union.

The Euro Crisis In The Media

Author: Robert G. Picard
Publisher: I.B.Tauris
ISBN: 0857729055
Size: 62.85 MB
Format: PDF, Mobi
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The Euro Crisis In The Media from the Author: Robert G. Picard. The Euro Crisis produced the most significant challenge to European integration in 60 years - testing the structures and powers of the European Union and the Eurozone and threatening the common currency. This book explores how the financial and political crisis was portrayed in the European press and the implications of that coverage on public understanding of the developments, their causes, responsibilities for addressing the crisis, the roles and effectiveness of European institutions, and the implications for European integration and identity. It addresses factors that shaped news and analysis, the roles of European leaders, and the extent to which national and pan-European debates over the crisis occurred. In doing so, it provides a clear and readable explanation of what the portrayals tell us about Europe and European integration in the early twenty-first century.

The Euro And The Battle Of Ideas

Author: Markus K. Brunnermeier
Publisher: Princeton University Press
ISBN: 1400883334
Size: 35.28 MB
Format: PDF, ePub
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The Euro And The Battle Of Ideas from the Author: Markus K. Brunnermeier. Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival. As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus. Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe’s future.

Europe S Unfinished Currency

Author: Thomas Mayer
Publisher: Anthem Press
ISBN: 0857285483
Size: 39.50 MB
Format: PDF, ePub, Docs
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Europe S Unfinished Currency from the Author: Thomas Mayer. The Economic and Monetary Union (EMU) of the European Union is a unique historical experiment, as no monetary union of sovereign states has survived to date. This book explores how it could work, and develops scenarios of how things might evolve in case of failure.

Summary And Analysis Of The Euro How A Common Currency Threatens The Future Of Europe

Author: Worth Books
Publisher: Open Road Media
ISBN: 1504043405
Size: 57.86 MB
Format: PDF, ePub, Docs
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Summary And Analysis Of The Euro How A Common Currency Threatens The Future Of Europe from the Author: Worth Books. So much to read, so little time? This brief overview of The Euro tells you what you need to know—before or after you read Joseph E. Stiglitz’s book. Crafted and edited with care, Worth Books set the standard for quality and give you the tools you need to be a well-informed reader. This short summary and analysis of The Euro by Joseph E. Stiglitz includes: Historical context Chapter-by-chapter summaries Profiles of the main characters Important quotes Fascinating trivia Glossary of terms Supporting material to enhance your understanding of the original work About The Euro by Joseph E. Stiglitz: In The Euro, Columbia Business School professor and Nobel Prize–winning economist author Joseph E. Stiglitz argues that the fundamental cause of the Eurozone’s recent economic difficulties was the creation of a single currency without the institutions to support it. The euro bound 19 countries with very different economies—and very different views about economics—together, but it did not include the institutions or rules to make such a union succeed. The results of this union are clear: although the United States has experienced growth since the financial crisis, Europe is stagnant and Eurozone unemployment remains over 10%. New York Times bestselling author Joseph Stiglitz outlines three possible ways forward: fundamental reforms to the current system, an end to the single currency experiment, or a new system entirely. The Euro is required reading for all citizens of today’s globalized world. The summary and analysis in this ebook are intended to complement your reading experience and bring you closer to a great work of nonfiction.