ROUTLEDGE EUROPE IN CRISIS BOLT FROM THE BLUE 2012 RETAIL EBOOK-kE

TITLE: EUROPE IN CRISIS: BOLT FROM THE BLUE?

PUBLISHER: ROUTLEDGE LANGUAGE: ENGLISH

LINK: http://is.gd/QTVeEm RELEASE TYPE: RETAIL

FORMAT: PDF RELEASE DATE: 2015.02.26

ISBN: 9780415637220 STORE DATE: 2012

SAVED.MONEY: 75 DOLLAR DISKCOUNT: 02 x 05MB

AUTHOR: IVAN BEREND



BOOK



This book analyzes the European Great Recession of 2008-12, its

economic and social causes, its historical roots, and the

policies adopted by the European Union to find a way out of it

It contains explicit debates with several economists and analysts

on some of the most controversial questions about the causes of

the crisis and the policies applied by the European Union. It

presents the cases of Iceland, Greece and Ireland, the countries

that first declined into crisis in Europe, each of them in a

different way. Iceland is a case study for reckless banking

practices, Greece of reckless public spending, and Ireland of

reckless household indebtedness. At least seven other countries

mostly from the peripheries of Europe, had similarly reckless

banking and spending practices. In the center of the book are

the economic and social causes of the crisis. Contemporary

advanced capitalism became financialized, de-industrialized and

globalized and got rid of the "straitjacket" of regulations

Solid banking was replaced by high-risk, "casino-type" activity

The European common currency also had a structural problem

monetary unification without a federal state and fiscal

unification. The other side of the same coin is European

hyper-consumerism. A new lifestyle emerged during two

super-prosperous periods in the 1950s to 1960s, and during the

1990s to 2006. Trying to find an exit policy, the European Union

turned to strict austerity measures to curb the budget deficit

and indebtedness. This book critically analyzes the debate around

austerity policy. The creation of important supra-national

institutions, and of a financial supervisory authority and

stability mechanisms, strengthens integration. The correction of

the euro's structural mistake by creating a quasi-fiscal

unification is even more important. The introduction of mandatory

fiscal rules and their supervision promises a long-term solution

for a well-functioning common currency. These measures

meanwhile, create a two-tier European Union with a fast-track

core. This book suggests that the European Union will emerge

stronger from the crisis. This book will be of particular

interest to students and researchers of economics, history

political science and international finance, but will also prove

profitable reading for practitioners and the interested public