By B. Lucarelli
The author's critique is proficient by means of post-Keynesian theories of endogenous funds. Lucarelli presents a vital contribution to the critique of the prevailing fiscal theories that proceed to notify the evolution of the euro. within the absence of political union and a corresponding economic framework, the survival of the euro continues to be problematical. The imposition of harsh, neoliberal, austerity measures by means of the IMF/EU/ECB (Troika) on Europe's peripheral, deficit nations threaten the very life of the euro-zone in its current shape, and feature set in movement robust centrifugal forces, that could finally derail the total post-war ecu project.
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