Sinn, Hans-Werner

The Euro trap : on bursting bubbles, budgets, and beliefs / Hans-Werner Sinn. - Oxford : Oxford University Press, 2017. - xix, 380p. : illustrations ; 24cm.

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.

9780198791447


European Central Bank.


Euro--History.
Global Financial Crisis, 2008-2009.

332.494 / SIN