Product Description
by Peter James Rhys Morgan (Author)
This book is a critique of the limitations of the current Eurozone economic system. The main objective is to investigate the inability of the Eurozone to control aggregate demand due to the constraints in both monetary policy and fiscal policy, which have been created by the widespread private and sovereign debt crises. Solutions to the problems are then put forward, suggesting that alternative methods of controlling aggregate demand may resolve the issues encountered. The book is not meant to take the side of the Eurosceptics or the European Monetary Union supporters. It is merely an attempt to look at the limitations of the current European economic system from a macroeconomic perspective, in an effort to improve the implementation of aggregate demand controls. Neither side of the European debate should dismiss the content as it provides an outside view, with both criticisms and productive solutions to the current economic problems. Although the reader may find the initial content very anti European the conclusion suggests the issues raised could be eliminated in a positive way, if European economic governance is reformed radically. Therefore the real issue arises from the inflexibility of the Eurozone to alter its macroeconomic control mechanisms. If this can be overcome it may be possible for the Euro to continue to operate. Original suggestions of how to achieve economic reform are put forward.
