Even before the Brexit vote, commentators wondered whether the European Union would last and whether it was a good idea in the first place. Economist Roger Bootle offers compelling arguments as to why both answers should be no. The power of his narrative derives from the presentation of his thesis – he offers a bitter pill but in a form that readers can swallow. He avoids jargon and brings clarity to complex economics. Some crucial events – most notably the UK’s June 2016 vote to leave the EU – have come to pass since Bootle wrote this analysis. While always politically neutral, getAbstract finds that this overview remains interesting for students, educators, entrepreneurs, policy makers and business leaders who seek answers about Europe’s uncertain economic future.
In this summary, you will learn
- Why economist Roger Bootle says the European Union’s political project is an economic bust,
- How the euro currency union drove this failure, and
- Why the EU must change or disband.
About the Author
Economists Roger Bootle is the author of The Death of Inflation, Money for Nothing and The Trouble with Markets. He founded and heads Capital Economics, a research firm.