Book notes: Europe’s orphan, by Martin Sandbu
an excellent analysis, full of good ideas
Martin Sandbu, Europe’s orphan: The future of the euro and the politics of debt, Princeton University Press, 2015, 336 pages
Martin Sandbu’s book challenges the sceptics’ view that “to create the euro without a fiscal transfer mechanism and the political union to govern it was a giant historic mistake”, arguing that the euro has done more good than harm – and that it can be preserved. Having been active in discussions on how to achieve an economically sensible economic and monetary union (Emu)
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