Europe's Economic Crisis
Robert M. Solow and Daniel Hamilton, Editors
How should eurozone countries tackle their current crisis? How did it come about, and how may it be resolved? What does it mean for Europe's historic experiment in political and economic integration? Will the eurozone crisis be remembered as the moment when the EU finally cracked? Or as the spur to a more integrated and competitive Union?
When the euro was introduced, it was heralded as the symbol of a unified Europe. Not enough consideration was given at the time, however, to how member economies could adjust to differences in economic performance or how to manage debt crises. Today, amidst a broader North Atlantic financial and economic crisis, the eurozone is in turmoil, beset by stresses and strains that could challenge Europe's very construction.
The Center for Transatlantic Relations and the Cournot Centre asked the authors in this timely volume to address these questions. Their varying perspectives are invaluable to anyone seeing to understand the roots of Europe's economic crisis and how it may affect Europe's future.
Contributing authors include:
Martin Neil Baily
David Calleo
John Gabriel Goddard
Daniel S. Hamilton
Hans-Helmut Kotz
Natalia McGarry
Xavier Ragot
Robert M. Solow
Read the book here.
Chapter 1: European Macroeconomic Policy. For a powerpoint outline click here.
Chapter 2: European Heterogeneity and the Crisis
Chapter 3: EMU's Response to the North Atlantic Financial Crisis
Chapter 4: Monetary Crisis in a Less Than Perfect Union
Chapter 5: Rekindling the EU's Economic Growth through Science and Innovation
