The Eurozone Crisis and Implications for the United States

The Eurozone Crisis and Implications for the United States PDF Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981652099
Category :
Languages : en
Pages : 66

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Book Description
The Eurozone crisis and implications for the United States : hearing before the Subcommittee on International Monetary Policy and Trade of the Committee on Financial Services, U.S. House of Representatives, One Hundred Twelfth Congress, first session, October 25, 2011.

The Eurozone Crisis and Implications for the United States

The Eurozone Crisis and Implications for the United States PDF Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981652099
Category :
Languages : en
Pages : 66

Get Book Here

Book Description
The Eurozone crisis and implications for the United States : hearing before the Subcommittee on International Monetary Policy and Trade of the Committee on Financial Services, U.S. House of Representatives, One Hundred Twelfth Congress, first session, October 25, 2011.

The Eurozone Crisis and Implications for the United States

The Eurozone Crisis and Implications for the United States PDF Author: United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 68

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Book Description


The Debt Crisis in the Eurozone

The Debt Crisis in the Eurozone PDF Author: Nikos Petropoulos
Publisher: Cambridge Scholars Publishing
ISBN: 1443861014
Category : Social Science
Languages : en
Pages : 550

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Book Description
During the past four years, the countries of the European periphery – the so-called PIIGS (Portugal, Ireland, Italy, Greece and Spain) – have been experiencing an economic-financial crisis that can only be compared to the Great Depression. To solve the crisis, the EU and the IMF instituted bailout programs for the debit countries on conditions of austerity and structural reforms. In this volume 20 social scientists, using both theoretical and empirical tools, delve into the causes and the social impacts of this crisis. The volume also provides an excellent background for a better comprehension of the dynamics of structural and political changes now taking place within the European Union. The social impacts cover a range of consequences, including poverty, unemployment, anti-migrant attitudes, a decline of welfare and health indicators, post-traumatic stress disorders, national humiliation, political alienation and social protest. The authors analyse the “international” and the “domestic” causes of the crisis, while some of them underline the importance of both factors. In the concluding chapter, the editors undertake a synthesis of the previous chapters, and extract a number of policy recommendations that – if adopted – could transform the current financial crisis into a growth-opportunity for the European Union and its member states.

The Eurozone Crisis and Implications for the United States

The Eurozone Crisis and Implications for the United States PDF Author: United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 60

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Book Description


Crisis in the Eurozone Periphery

Crisis in the Eurozone Periphery PDF Author: Owen Parker
Publisher: Springer
ISBN: 3319697218
Category : Political Science
Languages : en
Pages : 225

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Book Description
This book investigates the causes and consequences of crisis in four countries of the Eurozone periphery – Greece, Spain, Portugal and Ireland. The contributions to this volume are provided from country-specific experts, and are organised into two themed subsections: the first analyses the economic dynamics at play in relation to each state, whilst the second considers their respective political situations. The work debates what made these states particularly susceptible to crisis, the response to the crisis and its resultant effects, as well as the manifestation of resistance to austerity. In doing so, Parker and Tsarouhas consider the implications of continued fragilities in the Eurozone both for these countries and for European integration more generally.

Crisis in the Eurozone

Crisis in the Eurozone PDF Author: Costas Lapavitsas
Publisher: Verso Books
ISBN: 1844679691
Category : Political Science
Languages : en
Pages : 273

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Book Description
First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.

Greek Tragedy, European Odyssey: The Politics and Economics of the Eurozone Crisis

Greek Tragedy, European Odyssey: The Politics and Economics of the Eurozone Crisis PDF Author: Robert Godby
Publisher: Verlag Barbara Budrich
ISBN: 3847404318
Category : Political Science
Languages : en
Pages : 209

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Book Description
Debate among politicians and academics alike vacillates as to whether the euro is the crowning achievement of a half-century of European integration efforts, or now constitutes a force that threatens to drive European Union member states apart. This book introduces both the political and economic forces at play in the eurozone crisis that have shaped this debate and changed the face of European integration.

The Euro Crisis and Its Aftermath

The Euro Crisis and Its Aftermath PDF Author: Jean Pisani-Ferry
Publisher: Oxford University Press, USA
ISBN: 0199993335
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The disparity between the prosperous Northern countries of Germany and France and the plummeting Southern countries, including Italy and Greece, has exacerbated problems withinthe political and economic union of the Eurozone. The North, especially Germany, has debated where to draw the line between doing whatever is necessary to save the common currency and what they have viewed as a charity bailout of countries who flouted the rules for a decade and suffered predictableconsequences. Meanwhile, Southern countries such as Italy, Spain, and Greece have grown increasingly bitter at the attitudes of their partners to the North. Amidst loud and frequent debates, solutions including routes for increased integration and punitive policies and reforms have been enacted anddiscarded to a limited degree of success. The struggles facing this monetary union continue to unfold even today.The Euro Crisis and Its Aftermath was written to inform readers about the history of this enduring European crisis and the alternative proposals for ending it. In four parts, Jean Pisani-Ferry explains the origins of the European currency, the build-up of imbalances and oversights that led to thecrisis, the choices European policymakers have both addressed and ignored since 2010, the evolution of the policy agenda, and possible options for the future. The book is as much of an informative and analytical history as it is a prescriptive solution for a more prosperous future world economy.Rather than putting forth and supporting a thesis, Pisani-Ferry helps readers understand the past and present of the euro crisis and form their own opinions about potential solutions. It has grown out of his book Le Reveil des Demons published in France in 2011. The content has been updatedextensively to cover the events of the past few years and augmented to better explain the Eurozone to a global audience. This book is not intended to reach only economists, as time has long passed since European monetary unification was a debate limited to academics. This book is also for the policymakers searching for solutions, citizens of Europe enduring the consequences, and the international community that has felt the effects of an unstable Eurozone.

The Effects of the Eurozone Sovereign Debt Crisis

The Effects of the Eurozone Sovereign Debt Crisis PDF Author: Christian Schweiger
Publisher: Routledge
ISBN: 1317530721
Category : Political Science
Languages : en
Pages : 160

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Book Description
The book analyses the emerging centre-periphery divisions within the European Union which result from the unprecedented conditions created by the 2008-09 global financial crisis and the subsequent Eurozone sovereign debt crisis. The multiple layers of policy coordination which emerged in response to the crisis have initiated a process by which the EU is increasingly divided in terms of the level of vertical integration between the Eurozone core group and differentiated peripheries amongst the outsiders. At the same time the sovereign debt crisis has created a periphery of predominantly Southern European countries within the Eurozone that became dependent on external financial support from the other member states. The contributions in this book critically examine various aspects of the emerging internal post-crisis constellation of the EU. The main focus lies on national and supranational governance issues, national dynamics and dynamics in the Eurozone core as well as in the periphery. This book was originally published as a special issue of Perspectives on European Politics and Society.

The European Roots of the Eurozone Crisis

The European Roots of the Eurozone Crisis PDF Author: Mario Baldassarri
Publisher: Springer
ISBN: 3319580809
Category : Business & Economics
Languages : en
Pages : 486

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Book Description
This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific theoretical contributions within a framework of growth theory models to examine the two major pillars of the European construction, the European Central Bank and the Maastricht Treaty, and seeks to explain why they are theoretically wrong. The second half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has lost in terms of economic and social cost from 2002 to 2014 as a consequence of the super-evaluation of the Euro and the Maastricht Treaty parameters being mistakenly fixed and pursued. Finally, the author supports the urgent need to refund the European Union, up-dating The Maastricht Treaty and the ECB statute to build three concentric circles: the USE (United States of Europe), the EU (European Union), the EAFTDA (Europe/Africa Free Trade and Development Area).