The EU and the Eurozone Crisis
Policy Challenges and Strategic Choices
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The global financial crisis, which started in the United States in 2007 and spread to Europe in 2009, has shown that the Economic and Monetary Union is faulty, preventing monetary policy autonomy and inhibiting competitiveness. Part of the response to the crisis so far has been incremental moves towards fiscal and banking union, which will mean a deepening of European integration at a time when many observers believed that a certain equilibrium had been reached after the entry into force of the Lisbon Treaty in 2009. This book focuses on these developments as well as analysing other economic p...
The global financial crisis, which started in the United States in 2007 and spread to Europe in 2009, has shown that the Economic and Monetary Union is faulty, preventing monetary policy autonomy and inhibiting competitiveness. Part of the response to the crisis so far has been incremental moves towards fiscal and banking union, which will mean a deepening of European integration at a time when many observers believed that a certain equilibrium had been reached after the entry into force of the Lisbon Treaty in 2009. This book focuses on these developments as well as analysing other economic policies that affect the general economic welfare of the EU, including agriculture, trade and immigration policies. The book puts the Eurozone crisis into the wider context of deepening and widening.
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