Europe's Economic Dilemma
Description:
A British economist looks at the causes of stagnation in the European Union and offers solutions. He rejects the current drive towards monetary union within the Maastricht convergence criteria, arguing that without the flexibility of rate exchanges, an economically strong Germany will overpower the economies of her neighbors. He recommends a more decentralized plan featuring managed exchange rate flexibility. Annotation c. by Book News, Inc., Portland, Or.
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