| Description |
1 online resource (xx, 221 pages) |
| Contents |
The breakup of the Euro is a probable "impossibility" -- The lack of leadership is deeply felt in western countries -- The nineteenth "summit's" miracle weapons : June 28-29, 2012 -- ECB, EFSF, ESM, Eurobonds and political horse trading -- Throwing money to a four-letter wind : LTRO -- Fiscal compact and outright monetary transactions -- Target2. the creeping risk of a financial nuclear bomb -- Redenomination risk following a Euro breakup |
| Summary |
The drama of the common currency is a hot topic. The Euro was planned for the European Union's member states, bringing economically strong nations like Germany and Holland and weaker nations like Greece, Spain and Italy under one set of currency rules. A dozen years of its implementation has shown that the planning was incomplete at best. Add to this the weight of a deepening debt crisis among western nations, which continues unabated, and Europe has a very deep financial hole to climb out of. In this work, Dimitris N. Chorafas provides the reader with evidence to poor political judgment, then delves into preparation for the foreseeable Euro breakup and confronts the redenomination risk associated to it |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Monetary policy -- European Union countries
|
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Bank liquidity -- European Union countries
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Bank reserves -- European Union countries
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Eurozone.
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Monetary economics -- EU (European Union)
|
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BUSINESS & ECONOMICS -- Finance.
|
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Bank liquidity
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Bank reserves
|
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Eurozone
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Monetary policy
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Monetary economics -- EU (European Union)
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Economics.
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European Union countries
|
| Form |
Electronic book
|
| ISBN |
9781137332295 |
|
1137332298 |
|
9781137333261 |
|
113733326X |
|
9781299827912 |
|
1299827918 |
|
