Report: The Euro vs. Europe


The report is devoted to the impact of the euro currency on the economic dynamics of the European Union. The author takes a critical position vis-à-vis the euro, the report argues that the only beneficiary of the Eurozone is Germany, and all other EU countries lost more. In this context, the author examines in detail the impact of the euro on the economy of France.

The European Union is currently experiencing a profound crisis that goes beyond the economy and touches on its very identity. And it was the euro that caused this crisis. Intended as the pinnacle of European integration, the single currency paved the way to the EU’s decline.

It is corroding the economic and social foundations of Eurozone countries, undermining democracy and gradually leading to tyrannical behavior, sparking an unprecedented populist backlash.

About the Author:

Jacques Sapir is Director of studies at École des Hautes Études en Sciences Sociales (EHESS) in Paris, and Head of the Centre d’Étude des Modes d’Industrialisation (CEMI-EHESS), France.

Download Report in English (PDF)

Download Report in Russian (PDF)

Related articles

Sergei Lavrov to Valdai Club: Anti-Russian Hysteria in the United States Is a…
Anti-Russian hysteria in the United States is a result of its internal political struggle, Russian Foreign Minister Sergei Lavrov said in an interview with The minister spoke with the

Sergey Lavrov

Expert Opinions
Catalan Referendum As a Result of the EU’s Regional Policy
If the European Commission calls the Catalan referendum illegal, it is the Brussels strategists and not the Catalan radicals or Spanish Prime Minister who is to blame.

Oleg Barabanov

Expert Opinions
UK-EU Relations Set to Recover Gradually After Brexit
Relations between the European Union and the United Kingdom will take a while to recover, and would at first be an informal number of initiatives, Valdai Club experts believe. Theresa May gave a

Expert Opinions