The EU and the Eurozone crisis policy challenges and strategic choices
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| Format: | Elektronisch E-Book |
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| Sprache: | English |
| Veröffentlicht: |
Farnham, Surrey
Ashgate
c2013
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| Schriftenreihe: | International political economy of new regionalisms series
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| Schlagworte: | |
| Online-Zugang: | Volltext |
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| Beschreibung: | Includes bibliographical references and index Pt. 1. Introduction -- pt. 2. The Eurozone crisis -- pt. 3. Other policy developments and challenges -- pt. 4. Deepening, widening or multispeed integration? -- pt. 5. Concluding chapter "The global financial crisis, which started in the United States in 2007, spread to Europe in 2009. It especially hit Portugal, Ireland, Italy, Greece, and Spain, countries which have introduced the single currency, the euro. These eurozone countries no longer have monetary policy autonomy, so they do not have the option of devaluation to increase competitiveness. The crisis has shown that the Economic and Monetary Union (EMU) created in 1993, and which led to the single currency in 1999, is faulty. Its built-in asymmetry, with centralised monetary policy and decentralised fiscal policy, should be expected to create problems. 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."--Publisher's website |
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| Beschreibung: | 1 Online-Ressource (xxi, 215 p.) |
| ISBN: | 9781409457305 1409457303 9781409457299 140945729X 1299705235 9781299705234 |