Unhappy union
Subtitle: how the euro crisis - and Europe - can be fixed
By: John Peet and Anton La Guardia
Contributors: La Guardia, Anton, author
Series: Economist series; Economist series
Publisher: Profile Books
Published: 2014
Place of publication: London
Language: eng
Number of pages: 220
ISBN-13: 9781781252918; 9781781252925; 9781782830832
Subjects: Euro; Monetary unions; Monetary policy; Economic integration; Economic policy; Economic conditions; Economic history; International economic integration; Europäische Integration; Krise; Finanzkrise; Politique monétaire; Conditions économiques; Économie politique; Intégration économique; Ekonomiska förhållanden; Ekonomisk politik; Penningpolitik
Other titles: Economist.
Description: Deep fault-lines have opened up, not just between north and south, but between European institutions and the nation-states, and often between the rulers and the ruled, raising profound questions about Europe's democratic deficit. Belief in European institutions and national governments alike is waning, while radicals of both the left and the right are gaining power and influence. Europe's leaders have so far proved the doomsayers wrong and prevented the currency from breaking up. "If the euro fails, Europe fails," says Angela Merkel. Yet the euro, and the European project as a whole, is far from safe. If it is to survive and thrive, leaders will finally have to confront difficult decisions. How much national sovereignty are they willing to give up to create a more lasting and credible currency? How much of the debt burden and banking risk will they share? Is Britain prepared to walk away from the EU? And will other countries follow? In their astute analysis of the crisis, the authors describe America's behind-the-scenes lobbying to salvage the euro, economists' bitter debates over austerity, the unseen manoeuvres of the European Central Bank and the tortuous negotiations over banking union. In the final chapter, they set out the stark choices confronting Europe's leaders and citizens.
Notes: At head of title: The Economist.

Includes bibliographical references and index.
Table of contents: title: "If the euro fails, Europe fails"; title: From the origins to Maastricht; title: How it all works; title: Build-up to a crisis; title: Trichet's test; title: Super Mario; title: Changing balance of power; title: In, out, shake it all about; title: Democracy and its discontents; title: How the euro spoilt any other business; title: Europe's place in the world; title: After the storm; title: Appendices. Timeline; title: Treaties, regulations and pacts; title: How The Economist saw it at the time.