ENGLISH

Europes Economic Dilemma

By John Mills

Book information

Publisher
Palgrave Macmillan
Year
1998
ISBN
0333718372, 9780333718377
Language
english
Format
PDF
Filesize
12 MB (12391878 bytes)
Pages
192\192
Time added
2015-08-19 19:12:53

Description

This text analyzes the reasons why the European Union's growth rate has fallen to little more than a third of its previous level. The book concludes that the major reason has been politically-driven attempts to lock currencies together in inappropriate economic circumstances. These have led to deflation, unemployment and falling investment and competitiveness as EU Member States, without exchange rate flexibility, have found themselves unable to compete with Germany.

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