Endgame for the Euro: A Critical History

  • Bill Lucarelli

Table of contents

  1. Front Matter
    Pages i-x
  2. Bill Lucarelli
    Pages 1-9
  3. Bill Lucarelli
    Pages 10-23
  4. Bill Lucarelli
    Pages 24-37
  5. Bill Lucarelli
    Pages 38-51
  6. Bill Lucarelli
    Pages 52-69
  7. Bill Lucarelli
    Pages 70-87
  8. Bill Lucarelli
    Pages 88-103
  9. Bill Lucarelli
    Pages 104-122
  10. Bill Lucarelli
    Pages 123-138
  11. Bill Lucarelli
    Pages 139-148
  12. Back Matter
    Pages 149-170

About this book


This text develops an original critical analysis of the origins and evolution of the euro and the current debt crisis that envelops the euro-zone. It provides a comprehensive critical historical narrative of the evolution of European Monetary Union (EMU). The history of the euro, culminating in the Maastricht blueprint in 1992, reveals that this deeply flawed monetary edifice was informed by the prevailing neoliberal/monetarist economic doctrines, favoured by Germany. The final blueprint witnessed the birth of an international currency which was devoid of a coherent sovereign power. The author's critique is informed by post-Keynesian theories of endogenous money. Lucarelli provides an essential contribution to the critique of the existing economic theories that continue to inform the evolution of the euro. In the absence of political union and a corresponding fiscal framework, the survival of the euro remains problematic. The imposition of harsh, neoliberal, austerity measures by the IMF/EU/ECB (Troika) on Europe's peripheral, deficit countries threaten the very existence of the euro-zone in its present form, and have set in motion powerful centrifugal forces, which could ultimately derail the entire post-war European project.


design Euro Euro area European Debt Crisis European Monetary Union

Authors and affiliations

  • Bill Lucarelli
    • 1
  1. 1.University of Western SydneyAustralia

Bibliographic information

Industry Sectors
Finance, Business & Banking