states of the European Union that has far-reaching implications for the long-run value of the euro, and therefore, on the …

"The economies of the Eurozone countries are plagued by multiple crises, which cast major doubts over the future of the … Euro. In this engaging new book, leading heterodox economist Malcolm Sawyer argues that the entire policy framework of the … Eurozone was fundamentally flawed from its foundation. He shows how these ‘design faults’ intensified the effects of the crisis …

prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be … as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional … arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency …