Titlebook: Endgame for the Euro; A Critical History Bill Lucarelli Book 2013 Palgrave Macmillan, a division of Macmillan Publishers Limited 2013 desig

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the survival of the euro remains problematic. The imposition of harsh, neoliberal, austerity measures by the IMF/EU/ECB (Troika) on Europe‘s peripheral, deficit countries threaten the very existence of the euro-zone in its present form, and have set in motion powerful centrifugal forces, which could ultimatel978-1-137-37190-4

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Introduction, succinctly argued, “But most fundamentally, the problem is that the euro is a currency without a state. It is the first major currency not backed by a major government, there being no euro-area government, only governments of the participating countries” (Eichengreen, 2011, p 130). A stateless curr

deadlock

,The European Monetary System, 1979–87,ent of Chancellor Schmidt that a new exchange rate regime was required within the Community. This became even more urgent after the failure of German-US measures to stabilise the dollar. With the recent election of President d’Estaing of France, Schmidt had found an accommodating ally in reviving th

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Conclusion,non-convertible except as a unit of account between central banks. Whatever the final outcome, it is difficult to envisage the current system, plagued as it is by internal contradictions, surviving the crisis that now engulfs the entire eurozone. The present crisis is to a large extent the continuat

PANT

Herbert Oberbeck,Nestor D’Alessio succinctly argued, “But most fundamentally, the problem is that the euro is a currency without a state. It is the first major currency not backed by a major government, there being no euro-area government, only governments of the participating countries” (Eichengreen, 2011, p 130). A stateless curr

PANT

宣傳

Daniel E. Bassi,Andrès J.P. Klein-Szantonon-convertible except as a unit of account between central banks. Whatever the final outcome, it is difficult to envisage the current system, plagued as it is by internal contradictions, surviving the crisis that now engulfs the entire eurozone. The present crisis is to a large extent the continuat

eardrum

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