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Greekonomics The Euro Crisis And Why Politicians Don't Get ItStock informationGeneral Fields
Special Fields
DescriptionEconomist Vicky Pryce reflects on the current crisis in the Euro Zone - its causes and how Europe has responded, and offers her thoughts on what might and what needs to happen if the Euro is to survive in its current form. She pays particular attention to Greece, the country of her birth, the country first in the firing line in the Euro crisis and the country even now seen as Europe's 'problem child'. But as Pryce explains, the roots of the Euro's crisis are much broader than a set of profligate governments in Greece, Ireland, Portugal, Italy or Spain. The flaws in the current system were obvious to economists from the outset. Politicians ignored or downplayed these in creating the Euro and indeed made the problem worse by watering down the controls that were in place. If the Euro is to survive in the long term, even greater political and fiscal integration and cooperation will be required. Author descriptionVicky Pryce is an economist, and former Joint head of the United Kingdom's government economic service. |