This text develops an original critical analysis of the origins and evolution of the euro and the current debt crisis that envelops the euro-zone. It provides a comprehensive critical historical narrative of the evolution of European Monetary Union (EMU). The history of the euro, culminating in...

It will be argued that the neo-liberal policies of disinflation, which have governed the evolution of European monetary union, have contributed to the onset of 'Eurosclerosis' over the past two decades. These monetarist-inspired policies have set in motion the cumulative and self-reinforcing...