Review of Keynesian Economics

Euro or not euro – that is not the question! Economic well-being and the fate of the Economic and Monetary Union

Arne Heise *

Keywords: European integration, neo-functionalism, neo-realism


It will be argued that it is not of fundamental importance for growth and employment whether the EU clings to the euro or allows for a dissolution of the eurozone and a re-emergence of national currencies but how multi-level macroeconomic coordination of different policy areas and nation-states will be achieved. Given that this insight is based on an alternative economic reasoning which is (still) not the common view of most political and economic actors relevant in the EU, it will be analysed under which conditions it would be recommendable to maintain the euro or to re-establish national currencies.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information