Europe's Economic Dilemma

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.

Autorentext

John Mills is Chair of the Policy and Resources Committee of the London Borough of Camden.

Inhalt
Preface Introduction The Historical Background What Went Wrong? Achieving Economic Growth The Goal of Full Employment Living Standards and Inflation The Choices to be Made Index