The Future of the Eurozone
How to Keep Europe Together: A Progressive Perspective from Germany
Europe is stumbling from crisis to crisis. The financial and debt crises are endangering the European currency union; referenda in several EU countries show widespread Euroscepticism; the economy is only slowly regaining momentum; unemployment remains high in many Member States; and the refugee crisis has deepened political divisions. We need an answer to the question of how to rescue the Euro and keep Europe together. In this volume, renowned German researchers and leading practitioners provide pragmatic recommendations. Their plea for a democratically legitimized Euro Finance Minister, a new economic approach, a common Eurozone budget, and minimum social standards are the prerequisites for a fair, stable, and prosperous Europe.
"The Brexit referendum in the United Kingdom is the latest and perhaps most urgent wake-up call to reform the European Union and the Eurozone in particular. We do not need abstract institutional debates, but specific proposals to make sure the European Union advances economic and social prosperity for its citizens. I heartily recommend this book to all those who want to get an impression of a progressive perspective from Germany." (Sigmar Gabriel, former Minister for Foreign Affairs, Germany)
"Fixing the Eurozone, rather than just diagnosing its ills, requires asking those most commonly held to be harming it with their policies, the Germans. In this superb volume, the very best analysts of both German politics and Eurozone economics sift through the problems that hurt, the politics that limit action, and policies that are needed to make the Eurozone what it should be - a place that provides a stable and prosperous home for all Europeans after a lost decade of growth." (Mark Blyth, Professor of Political Economy at Brown University)