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The EU and the Eurozone Crisis: Policy Challenges and Strategic Choices (The International Political Economy of New Regionalisms Series)

Finn Laursen




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 |  2016-02-17 |  2016-02-17 | File type: PDF

|| |'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 o

The 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 ...

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