Economists won’t find the solution to Europe’s debt crisis in extreme economic policies, says economist Michael Wohlgemuth. Evolving the European Union into a “United States of Europe” or dissolving it is unworkable. So where do the answers lie? The 27 member countries have different economies with disparate needs and challenges, making a “one size fits all” strategy unfeasible. This short, intellectual, though imperfectly edited, article examines the conundrum. You won’t discover the final solution in its pages, but getAbstract predicts that you may gain a better understanding of the complex issues.
In this summary, you will learn
- How the European debt crisis is affecting the EU,
- Why two proposed radical solutions are unrealistic and
- Why a “one size fits all” strategy won’t work.
About the Author
Prof. Michael Wohlgemuth is an economist and the director of Open Europe Berlin.