The Euro and the Crisis Perspectives for the Eurozone as a Monetary
This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely stu
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Nazaré da Costa Cabral José Renato Gonçalves Nuno Cunha Rodrigues Editors
The Euro and the Crisis
Perspectives for the Eurozone as a Monetary and Budgetary Union
Financial and Monetary Policy Studies
Volume 43
Series Editor Ansgar Belke Essen, Germany
More information about this series at http://www.springer.com/series/5982
Nazare´ da Costa Cabral • Jose´ Renato Gonc¸alves • Nuno Cunha Rodrigues Editors
The Euro and the Crisis Perspectives for the Eurozone as a Monetary and Budgetary Union
Editors Nazare´ da Costa Cabral CIDEEFF - School of Law, University of Lisbon Alameda da Universidade Lisbon, Portugal
Jose´ Renato Gonc¸alves CIDEEFF - School of Law, University of Lisbon Alameda da Universidade Lisbon, Portugal
Nuno Cunha Rodrigues CIDEEFF - School of Law, University of Lisbon Alameda da Universidade Lisbon, Portugal
ISSN 0921-8580 ISSN 2197-1889 (electronic) Financial and Monetary Policy Studies ISBN 978-3-319-45709-3 ISBN 978-3-319-45710-9 (eBook) DOI 10.1007/978-3-319-45710-9 Library of Congress Control Number: 2016960545 © Springer International Publishing Switzerland 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland
Acknowledgements
The editors are grateful to the leading scholars and experts in European affairs who have contributed to the chapters and to CIDEEFF’s language reviewer, Professor David Hardisty (Leitor, Universidade Nova de Lisboa), who also provided comments on several chapters of the Book. The editors wish to thank to Marta Caldas, CIDEEFF/PhD Researcher, for her invaluable organizational work and scientific support to this project.
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Contents
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nazare´ da Costa Cabral, Jose´ Renato Gonc¸alves, and Nuno Cunha Rodrigues Part I
1
The Eurozone as a (non) Optimum Currency
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