Europe's Economic Dilemma

Mills, J.

Europe's Economic Dilemma analyses the reasons why the European Union's growth rate has fallen during the last quarter of a century to little more than a third of its previous level. It concludes that the major reason has been politically driven attempts to lock EU currencies together in inappropriate economic circumstances. These have led to chronic deflation, rising unemployment and falling investment and competitiveness as EU Member States, without exchange rate flexibility, have found themselves unable to compete with Germany.

Details

Published by: Palgrave Macmillan

Publication Date: 1998-02-04

Format: Hardcover

ISBN-13: 9780333718377

DOI: 10.1057/9780230389632

Dimensions: 216cm x140cm

Pages: 177