A joint project with the Center for Transatlantic Relations, Johns Hopkins University – SAIS
Contributors: Martin Neil Baily, David Calleo, John Gabriel Goddard, Daniel S. Hamilton, Hans-Helmut Kotz, Natalie McGarry and Xavier Ragot
Edited by Robert M. Solow and Daniel S. Hamilton
Center for Transatlantic Relations, Johns Hopkins University, 2011
When the euro was introduced, it was heralded as the symbol of a unified Europe. Not enough consideration was given at the time, however, to how member economies could adjust to differences in economic performance or how to manage debt crises. Today, amidst a broader North Atlantic financial and economic crisis, the eurozone is in turmoil, beset by stresses and strains that could challenge Europe’s very construction.
How should eurozone countries tackle their current crisis? How did it come about, and how may it be resolved? What does it mean for Europe’s historic experiment in political and economic integration? Will the eurozone crisis be remembered as the moment when the EU finally cracked? Or as the spur to a more integrated and competitive Union?
The Center for Transatlantic Relations and the Cournot Centre asked the authors in this timely volume to address these questions. Their varying perspectives are invaluable to anyone seeking to understand the roots of Europe’s economic crisis and how it may affect Europe’s future.
