ONE CURRENCY, TWO EUROPES

The book delves into the European crisis following the 2008 US subprime mortgage crisis, highlighting the stark economic divergence within the Eurozone. It examines how incomplete institutional frameworks and varied economic conditions among member countries exacerbated the crisis and hindered effective policies. By analyzing these dynamics, the author presents evidence of the detrimental impacts of austerity measures and offers potential solutions for a more unified and resilient Eurozone. This work serves as a critical resource for policymakers, students, and researchers interested in the Eurozone's economic landscape.