The Trouble with Europe: Why the EU isn't Working, How It Can be Reformed, What Could Take its Place - Hardcover

Bootle, Roger

Hardcover

ISBN 10: 1857886151 ISBN 13: 9781857886153

Publisher: Nicholas Brealey Publishing, 2014

Synopsis

*A BUSINESS BOOK OF THE YEAR AS SELECTED BY THE WEEK* Six decades ago Europe's leaders had a noble dream: to prevent another terrible war, and to act as a beacon of co-operation rather than conflict. The European Economic Community eventually became the European Union, and so began a seemingly inevitable march towards a federal super-state, culminating in the creation of the totemic single currency: the Euro. The European Union is now at a crossroads. Its original objectives, the logic of existing relationships and monetary union, are pushing it towards full political union - some sort of United States of Europe, at least of the Eurozone. In other words, more Europe; deeper integration. But the EU is no longer working well in today's world - let alone tomorrow's. The EU needs fundamental reform, Roger Bootle argues. It was conceived in a world of large blocs, before globalisation and the rise of emerging markets. Its agenda of hamonisation and integration inevitably leads to excessive regulation and the smothering of competition. It hasn't delivered the prosperity and growth it promised. The clearest example of the EU's tortured politics producing poor economic performance is the formation of the Euro, which was undertaken for political reasons intrinsic to the European project. It has turned out to be the problem rather than the solution. What is more, if nothing changes, the EU's share of world GDP is set to fall sharply and, with it, Europe's influence in the world. Leaving the EU would not be pain and risk free, but nor is the only option to stick with the current institutions. It's time to raise the level of debate, examine the options, and tackle the trouble with Europe.

About this title

About the Author

One of Britain's best-known economists, Roger Bootle runs Capital Economics, Europe's largest macroeconomics consultancy, which he founded. Roger appears frequently on television and radio and is also a regular columnist for The Daily Telegraph. In the Comment Awards 2012 he was named Economics Commentator of the year. He is the author of widely acclaimed books including - The Trouble with Markets, Money for Nothing and The Death of Inflation. Roger is also a Specialist Adviser to the House of Commons Treasury Committee. He was one of the previous Conservative government's 'Wise Men'. In July 2012, Roger and a team from Capital Economics won the prestigious Wolfson Economics Prize.

From the Inside Flap

Six decades ago Europe s leaders had a noble dream: to prevent another terrible war, and to act as a beacon of co-operation rather than conflict.
The European Economic Community eventually became the European Union, and so began a seemingly inevitable march towards a federal super-state, culminating in the creation of the totemic single currency: the Euro.
The European Union is now at a crossroads. Its original objectives, the logic of existing relationships and monetary union, are pushing it towards full political union some sort of United States of Europe, at least of the Eurozone. In other words, more Europe; deeper integration.
But the EU is no longer working well in today's world let alone tomorrow s.
The EU needs fundamental reform, Roger Bootle argues. It was conceived in a world of large blocs, before globalisation and the rise of the emerging
markets. Its agenda of harmonisation and integration inevitably leads to excessive regulation and the smothering of competition. It hasn t delivered the prosperity and growth it promised.
The clearest example of the EU s tortured politics producing poor economic performance is the formation of the Euro, which was undertaken for political reasons intrinsic to the European project.
It has turned out to be the problem rather than the solution. What is more, if nothing changes, the EU s share of world GDP is set to fall sharply and, with it, Europe s influence in the world. Furthermore, the EU has a profound identity
crisis, Bootle says. No one is clear what the EU is for, or how ever closer union can be matched with expanding geographical horizons and huge disparities of income and culture.
The EU has ineffective and often undemocratic institutions. It is the most important thing that stands between Europe and success. We can and should attempt to reform the EU. Cut down to size, renationalized, limited and
properly controlled democratically, the EU could prosper. But there are serious political barriers.
Without fundamental reform, some countries may withdraw or the EU may even break up. Bootle offers a bracing and rigorous analysis of alternatives: different models for political and economic relations between the UK and Europe,
and most importantly alternative political and institutions that could serve Europe and the world better in the future.
Leaving the EU would not be pain and risk free, but nor is the only option to stick with the current institutions. It s time to raise the level of debate, examine the options, and tackle the trouble with Europe.

Edition details

• Publisher: Nicholas Brealey Publishing
• Publication date: 2014
• ISBN 10: 1857886151
• ISBN 13: 9781857886153
• Binding: Hardcover
• Language: English
• Number of pages: 224