The Euro trap : on bursting bubbles, budgets, and beliefs / Hans-Werner Sinn.
Material type: TextPublication details: Oxford : Oxford University Press, 2017.Description: xix, 380p. : illustrations ; 24cmISBN:- 9780198791447
- 332.494 SIN 22
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|
Book | Calcutta | 332.494 SIN (Browse shelf(Opens below)) | Available | IIMC-0145627 |
This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. It describes what the author considers to be a dangerous political process that undermines both the market economy and democracy, without solving southern Europe's competitiveness problem. The book argues that the Eurozone has to rethink its rules of conduct by limiting the role of the ECB, exiting the regime of soft budget constraints and writing off public and bank debt to help the crisis countries breathe again.
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