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Author Chorafas, Dimitris N.
Title Breaking up the euro : the end of a common currency / Dimitris N. Chorafas.
Publication Info. New York : Palgrave Macmillan, 2013.
Edition First edition.
Location Call No. Status Notes
 Libraries Electronic Books  ELECTRONIC BOOKS-DDA    AVAIL. ONLINE
Description 1 online resource.
Note Description based on print version record.
Bibliography Includes bibliographical references and index.
Contents The break-up of the euro is a probable "impossibility" -- The start of deglobalization -- Every economy is sick in its own way -- Was political action an honest brokerage or a trap? -- Has euroland been a big political mistake? -- Default on debt which is no more "domestic" -- The lack of leadership is deeply felt in western countries -- Emu and the bubble of eldorado riches -- Europe is paying the price of mismanagement -- Spending time and money on useless "summits" -- If it's a casino society, take me to Las Vegas -- Crisis meetings of chiefs of state without tangible results -- When Europe is stalling the field is open to folklore -- The 19th "summit's" miracle weapons : June 28/29, 2012 -- Throwing the dice in Brussels -- Monti's delight and Merkel's sorrow -- Troubled countries relief program -- With storm clouds over euroland : it's no time for miracle weapons -- Euroland's banking union -- The pains of the Italian economy -- The pains of the Spanish economy and of its banking industry -- ECB, EFSF, ESM, eurobonds and political horse trading -- The European financial stability facility -- European stability mechanism -- Leveraging euroland's funds is wrong way risk -- Dead cat walking : eurobonds -- The French connection -- Throwing money to a four-letter wind : LTRO -- Long term refinancing operation : the Sarkozy trade -- Euroland's drift to financial mismanagement -- The destination of LTRO funds is as important as their amount -- LTROs have moral hazard -- How the powerful became powerless -- Fiscal compact and outright monetary transactions -- The fiscal compact is an upgraded stability and growth pact -- What the fiscal compact might worth in the longer term? -- Economic problems mount as sovereigns lose their luster -- European banking industry and the Liikanen committee -- Outright monetary transactions (OMT) -- Why OMT may end up in a fiasco -- Target2. The creeping risk of a financial nuclear bomb -- Target2 imbalances are still on the rise -- Breaking through the austerity wall with target2 -- The creeping risk of financial imbalances can destroy the euro -- Aftereffect of chronic surpluses and deficits in ECB books -- Without the german economy euroland is off the rails -- Exit Germany? -- Redenomination risk following a euro break-up -- The euro could destroy the EU -- Lex monetae. The legality of abandoning the euro -- Redenomination risk by classes of assets and liabilities -- Can a fiscal union be the solution? -- What a fiscal union cannot do, a political union might -- Conclusion.
Reproduction Electronic reproduction. Perth, W.A. Available via World Wide Web.
Note Description based on print version record.
Subject Monetary policy -- European Union countries.
Bank liquidity -- European Union countries.
Bank reserves -- European Union countries.
Added Author Ebooks Corporation
Related To Original 9781137333261 113733326X (DLC) 2013000413
ISBN 1137332298 (electronic bk.)
9781137332295 (electronic bk.)
9781137333261 (alk. paper)
113733326X (alk. paper)
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