Euro. Ultima Chiamata

This book discusses causes, consequences and future implications of the current european sovereign debt crisis. The book is divided into 6 chapters. The first two are focused on the past and recent history of the process of economic and monetary unification. The third chapter provides a costs and benefits analysis of the first 10 years of the Euro. The fourth chapter is devoted to the analysis of the role of fiscal policy in a monetary union. The fifth chapter takes into consideration different resolution schemes for the management of sovereign debt crisis. The sixth and final chapter concludes with a discussion of the institutional changes necessary to make EMU sustainable over time.