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Προβολή αναρτήσεων από Ιούνιος, 2016

The End of the Euro?

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One of the latest books I currently read is The End of the Euro - The Uneasy Future of the European Union by Johan Van Overtveldt, former editor in chief of Belgium's Trends and currently Minister of Finance.

The chapters of the book feature a quite detailed narration of history of the European Economic Community (EEC) which brings us to today's woes over a possible Brexit and Greece's unsustainable debt. This social and economic distress, also spotted in other EU countries, is continued due to a central monetary policy that does not walk in line with a political union and general policies between the members states, that could optimize the EU system. Some parts of the book I particularly distinguished as they can shed some light on Greece's ongoing economic problems and why the current or past governments were unable to really change the course of the real economy or fantasized that they can by imposing more taxes & austerity.

The author argues something which many …