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The Collapse of the Eurozone: Disaster or Liberation?

In: Crisis in the Eurozone

Author

Listed:
  • Mark Baimbridge

    (University of Bradford)

  • Philip B. Whyman

    (University of Central Lancashire)

Abstract

The current crisis and potential ultimate demise of the European single currency in its exiting format was predictable because it stems from deep-seated flaws within its structure. If policy-makers understood fully the impact of their action, they would never have launched the euro, unless, of course, ideology simply overrode common sense. Only fear of the consequences of a break-up is now keeping it together, and doing so at great cost, both in terms of bailout resources and, more importantly, degrading the life chances of a great number of eurozone citizens, clearly never the intention of the European integration project. The present chapter seeks to remove this fear through an analysis of the probable consequences.

Suggested Citation

  • Mark Baimbridge & Philip B. Whyman, 2015. "The Collapse of the Eurozone: Disaster or Liberation?," Palgrave Macmillan Books, in: Crisis in the Eurozone, chapter 12, pages 186-201, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32903-5_12
    DOI: 10.1057/9781137329035_12
    as

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