Abstract
The current crisis and potential ultimate demise of the European single currency in its exiting format was predictable because it stems from deep-seated flaws within its structure. If policy-makers understood fully the impact of their action, they would never have launched the euro, unless, of course, ideology simply overrode common sense. Only fear of the consequences of a break-up is now keeping it together, and doing so at great cost, both in terms of bailout resources and, more importantly, degrading the life chances of a great number of eurozone citizens, clearly never the intention of the European integration project. The present chapter seeks to remove this fear through an analysis of the probable consequences.
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© 2015 Mark Baimbridge and Philip B. Whyman
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Baimbridge, M., Whyman, P.B. (2015). The Collapse of the Eurozone: Disaster or Liberation?. In: Crisis in the Eurozone. Palgrave Macmillan, London. https://doi.org/10.1057/9781137329035_12
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DOI: https://doi.org/10.1057/9781137329035_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-46049-6
Online ISBN: 978-1-137-32903-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)