Saving Europe [[electronic resource] ] : how national politics nearly destroyed the euro / / Carlo Bastasin

• Record Nr.: UNINA9910452221703321
• Autore: Bastasin Carlo <1959->
• Pubbl/distr/stampa: Washington, D.C., : Brookings Institution Press, c2012
• ISBN: 1-280-12766-X; 9786613531544; 0-8157-2197-8
• Descrizione fisica: 1 online resource (419 p.)
• Disciplina: 332.4/94
• Soggetti: Monetary policy - European Union countries - History - 21st century; Global Financial Crisis, 2008-2009; Euro; Electronic books.; Greece Economic policy 21st century
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: The origin of mistrust -- The secrets behind the banks -- Europe's awkward ambitions to change the world -- Too different for one policy -- First doubts about the euro -- The American crisis becomes the European crisis -- The European central bank's first rescue of the states -- Karlsruhe, ruling the world from the province -- The well-known secret of the Greek tragedy -- Let Greece default -- Bringing the euro to the brink, in order to save it -- Sell your islands -- Contagion -- Dr. Faust saves the euro -- From a new complacency to the Irish crisis -- A sophisticated way to commit suicide -- A fateful fight between the ECB and the heads of governments -- The crisis reaches Italy and Spain -- Berlusconi's moral hazard and the German waterboarding strategy -- Solution or dissolution : political union or the end of the euro -- Epilogue : toward the political union.
• Sommario/riassunto: Three times in the few years since the global financial crisis erupted, the euro has come close to extinction, endangering both the world economy and history's most ambitious project in shared sovereignty. Yet each tim e, the case for a common currency proved to be more ; compelling than its weaknesses, and the euro survived. Saving Europe reveals how the nexus of international economics and national politics pushed monetary union to the brink of a breakup, how that disastrous development was avoided, and why the long-term viability of a common currency challenges politics as we know