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OverviewThe global financial crisis, which started in the United States in 2007, spread to Europe in 2009. It especially hit Portugal, Ireland, Italy, Greece, and Spain, countries which have introduced the single currency, the euro. These eurozone countries no longer have monetary policy autonomy, so they do not have the option of devaluation to increase competitiveness. The crisis has shown that the Economic and Monetary Union (EMU) created in 1993, and which led to the single currency in 1999, is faulty. Its built-in asymmetry, with centralised monetary policy and decentralised fiscal policy, should be expected to create problems. Part of the response to the crisis so far has been incremental moves towards fiscal and banking union, which will mean a deepening of European integration at a time when many observers believed that a certain equilibrium had been reached after the entry into force of the Lisbon Treaty in 2009. This book focuses on these developments as well as analysing other economic policies that affect the general economic welfare of the EU, including agriculture, trade and immigration policies. The book puts the eurozone crisis into the wider context of deepening and widening. Full Product DetailsAuthor: Finn Laursen , Professor Timothy M. ShawPublisher: Taylor & Francis Ltd Imprint: Routledge Edition: New edition Dimensions: Width: 15.60cm , Height: 1.60cm , Length: 23.40cm Weight: 0.589kg ISBN: 9781409457299ISBN 10: 140945729 Pages: 242 Publication Date: 31 May 2013 Audience: College/higher education , Professional and scholarly , Postgraduate, Research & Scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviews'The Eurozone crisis is perhaps the most relevant event in European politics since the end of World War II. This book is an important contribution to understand the current path of the European integration process, not only in relation to this crisis, but in other policy areas. It is a valuable contribution for students and scholars of European politics.' Susana Borras, Copenhagen Business School, Denmark Author InformationFinn Laursen, Canada Research Chair in EU Studies and Professor of Political Science, Dalhousie University, Halifax, NS, Canada. Finn Laursen, Kurt Hubner, Robert Finbow, Alasdair Blair, Jacek Chotkowski, Benon Gazinski, Stefanie Rosskopf, Ece Ozlem Atikcan, Imtiaz Hussain, Ruben Zaiotti, Kiran K. Phull, John B. Sutcliffe. Tab Content 6Author Website:Countries AvailableAll regions |