Abstract
When the first edition of this book was published in early 2010 it was still far from evident that a jury (made up of citizens from across the euro-zone, appropriately chosen so as to be representative of diversity) would sustain any of the prosecutor’s indictments against EMU and the ECB. And a final catch-all indictment in the form ‘it would have been better if EMU had never existed’ stood hardly any chance of being upheld. Now, two years on, there is a much greater likelihood that a jury would deliver a guilty verdict, though much would still depend on the power of advocacy used by both sides. There are many floating half-credible hypotheses and prejudices out there which the defence lawyers (for EMU and the ECB) could use to sway the jury.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 2012 Brendan Brown
About this chapter
Cite this chapter
Brown, B. (2012). EMU is Dead: Long Live EMU!. In: Euro Crash. Palgrave Macmillan, London. https://doi.org/10.1057/9780230369191_6
Download citation
DOI: https://doi.org/10.1057/9780230369191_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-36849-1
Online ISBN: 978-0-230-36919-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)