Let us save the Euro!

Let us save the Euro!

Christian Felber

In this highly topical and cutting-edge book Christian Felber presents us with a choice of four approaches towards the crisis the European currency is currently facing: Transfer of debts by some member states to others – a strategy which will ultimately lead to insolvency throughout the entire euro zone. Cancellation of the debts. This is a fair strategy in itself, but it carries the risk of bankrupting countries and banks worldwide unless their existing financial framework is restructured from the ground up. Inflation of debts which would be increasingly likely in the event of options one and two failing. The minimum collateral damage would involve the corresponding devaluation of all financial assets. The worst case scenario would entail a Europe-wide currency reform. Liquidation of the debts by means of EU-wide taxes on financial transactions as well as wealth and profit taxes. This strategy would finally hold the instigators and profiteers of this crisis accountable, but might benefit them in the long run.

Foreign Sales

Spainish Worldrights (Anaya)

Let us save the Euro!

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