The Crisis of the Euro as a Eurocrisis: A Polyhedral View of the Problem
12 Pages Posted: 30 Nov 2013
Date Written: October 25, 2013
For hundreds of years, European states have waged war with one another. Only since the XIX century, more than 40 wars (including 3 global wars) have devastated the continent and decimated its population. The European Union has provided the longest period of peace and prosperity that the citizens of Europe have come to know in generations. This needs to be preserved, even at all economic costs. It is argued that the only way to ensure a preservation of the status quo is to deepen into economic and social unification. It is also argued that precisely the flawed design of the economic pillar of European integration is going to bring along the necessary reforms that would otherwise not be accomplished due to insufficient political will and lack of social consensus. The economy will thus be a catalyzer for integration.
Keywords: European Union, European integration, euro crisis, financial crisis, war, peace
JEL Classification: F02, F33, G2, H6, H8, N4
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