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About this book
This text develops an original critical analysis of the origins and evolution of the euro and the current debt crisis that envelops the euro-zone. It provides a comprehensive critical historical narrative of the evolution of European Monetary Union (EMU). The history of the euro, culminating in the Maastricht blueprint in 1992, reveals that this deeply flawed monetary edifice was informed by the prevailing neoliberal/monetarist economic doctrines, favoured by Germany. The final blueprint witnessed the birth of an international currency which was devoid of a coherent sovereign power.
The author's critique is informed by post-Keynesian theories of endogenous money. Lucarelli provides an essential contribution to the critique of the existing economic theories that continue to inform the evolution of the euro. In the absence of political union and a corresponding fiscal framework, 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 ultimately derail the entire post-war European project.
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Keywords
Table of contents (10 chapters)
Authors and Affiliations
About the author
Dr. Bill Lucarelli is a Senior Lecturer in Economics at the University of Western Sydney, Australia, and has published 3 books: The Origin and Evolution of the Single Market in Europe in 1999, (Ashgate); Monopoly Capitalism in Crisis in 2004, (Palgrave Macmillan) and The Economics of Financial Turbulence in 2011 (Edward Elgar).
Bibliographic Information
Book Title: Endgame for the Euro
Book Subtitle: A Critical History
Authors: Bill Lucarelli
DOI: https://doi.org/10.1057/9781137371904
Publisher: Palgrave Pivot London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
Hardcover ISBN: 978-1-137-37189-8Published: 31 October 2013
eBook ISBN: 978-1-137-37190-4Published: 31 October 2013
Edition Number: 1
Number of Pages: X, 170
Topics: Macroeconomics/Monetary Economics//Financial Economics, European Union Politics, Political Economy/Economic Systems, International Economics, Finance, general, International Political Economy