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The Great Eurozone Disaster: From Crisis to Global New Deal (Economic Controversies)by Heikki Patomaki
Synopses & Reviews
The last couple of years have seen the eurozone lurch from crisis to calamity. In The Great Eurozone Disaster, Heikki Patomaki dissects the current crisis, revealing its origins lie in the instability that has driven the process of financialization since the early 1970s. Furthermore, the public debt crises in the European deficit countries have been aggravated rather than alleviated by the responses of the Commission and leaders of the surplus countries, especially Germany.
Providing a captivating narrative about how Europe ended up in its present predicament, PatomÃ¤ki argues that we can and should learn from Third World debt experiences, and presents a bold vision for a democratic cosmopolitan alternative as the only viable way out of the current crisis.
About the Author
Heikki Patomäki is Professor of World Politics at the University of Helsinki, Finland.
Table of Contents
1. Introduction2. The Economic Theory of Debt Crises3. The Predictability of Global Financial Turmoil4. Contradictions at the Heart of the EMU5. The Trouble with the EU's Official Reform Proposals6. European Futures7. How Should Debt Crises be Solved?8. Towards Democratic Global KeynesianismGlossary of Key Terms and AcronymsBibliography
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