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The Resource Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu

Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu

Creator
Author
Summary
Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues that rather than blaming the euro for the political and economic failures in Europe since the global financial crisis, the responsibility lies firmly on the authorities of the eurozone and its member countries. The eurozone's self-inflicted financial calamities and economic decline resulted from a toxic cocktail of unforced policy errors by bankers, politicians, and bureaucrats; the unhealthy coziness between finance and governments; and, above all, an extreme unwillingness to restructure debt. Sandbu traces the origins of monetary union back to the desire for greater European unity after the Second World War. But the euro's creation coincided with a credit bubble that governments chose not to rein in. Once the crisis hit, a battle of both ideas and interests led to the failure to aggressively restructure sovereign and bank debt. Ideologically informed choices set in motion dynamics that encouraged more economic mistakes and heightened political tensions within the eurozone. Sandbu concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous--and risks sending the continent into further political paralysis and economic stagnation. Contending that the euro has been wrongfully scapegoated for the eurozone's troubles, Europe's Orphan charts what actually must be done for the continent to achieve an economic and political recovery
Language
eng
Work
Publication
Extent
xiv, 313 pages
Contents
  • 1. A gaint historic mistake?
  • 2. Before the fall
  • 3. Freece and the idolatry of debt
  • 4. Ireland: the private is political
  • 5. Europe digs deeper
  • 6. Righting the course: from bail-out to bail-in
  • 7. If Europe dared to write down debt
  • 8. Eurpoe's real economic challenges
  • 9. The politics that the euro needs
  • 10. Great Britain or little England
  • 11. Remembering what the euro is for
Isbn
9780691168302
Instance
Label
Europe's orphan : the future of the euro and the politics of debt
Title
Europe's orphan
Title remainder
the future of the euro and the politics of debt
Statement of responsibility
Martin Sandbu
Title variation
Europes orphan
Title variation remainder
the future of the Euro and the politics of debt
Creator
Author
Subject
Language
eng
Summary
Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues that rather than blaming the euro for the political and economic failures in Europe since the global financial crisis, the responsibility lies firmly on the authorities of the eurozone and its member countries. The eurozone's self-inflicted financial calamities and economic decline resulted from a toxic cocktail of unforced policy errors by bankers, politicians, and bureaucrats; the unhealthy coziness between finance and governments; and, above all, an extreme unwillingness to restructure debt. Sandbu traces the origins of monetary union back to the desire for greater European unity after the Second World War. But the euro's creation coincided with a credit bubble that governments chose not to rein in. Once the crisis hit, a battle of both ideas and interests led to the failure to aggressively restructure sovereign and bank debt. Ideologically informed choices set in motion dynamics that encouraged more economic mistakes and heightened political tensions within the eurozone. Sandbu concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous--and risks sending the continent into further political paralysis and economic stagnation. Contending that the euro has been wrongfully scapegoated for the eurozone's troubles, Europe's Orphan charts what actually must be done for the continent to achieve an economic and political recovery
http://library.link/vocab/ext/novelist/bookUI
10452018
Cataloging source
YDXCP
http://library.link/vocab/creatorName
Sandbu, Martin E
Dewey number
332.4/94
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/resourcePreferred
True
http://library.link/vocab/subjectName
  • Money
  • Euro
  • Eurozone
  • Monetary policy
  • Financial crises
  • Debt relief
  • Debt relief
  • Economic history
  • Economic policy
  • Euro
  • Eurozone
  • Financial crises
  • Monetary policy
  • Money
  • European Union countries
  • European Union countries
  • Europe
http://bibfra.me/vocab/lite/titleRemainder
the future of the Euro and the politics of debt
Label
Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 273-302) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. A gaint historic mistake? -- 2. Before the fall -- 3. Freece and the idolatry of debt -- 4. Ireland: the private is political -- 5. Europe digs deeper -- 6. Righting the course: from bail-out to bail-in -- 7. If Europe dared to write down debt -- 8. Eurpoe's real economic challenges -- 9. The politics that the euro needs -- 10. Great Britain or little England -- 11. Remembering what the euro is for
Control code
1888822
Dimensions
25 cm
Extent
xiv, 313 pages
Isbn
9780691168302
Lccn
2015944893
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
  • (Sirsi) i9780691168302
  • (OCoLC)921183925
Label
Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu
Publication
Bibliography note
Includes bibliographical references (pages 273-302) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. A gaint historic mistake? -- 2. Before the fall -- 3. Freece and the idolatry of debt -- 4. Ireland: the private is political -- 5. Europe digs deeper -- 6. Righting the course: from bail-out to bail-in -- 7. If Europe dared to write down debt -- 8. Eurpoe's real economic challenges -- 9. The politics that the euro needs -- 10. Great Britain or little England -- 11. Remembering what the euro is for
Control code
1888822
Dimensions
25 cm
Extent
xiv, 313 pages
Isbn
9780691168302
Lccn
2015944893
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
  • (Sirsi) i9780691168302
  • (OCoLC)921183925

Subject

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