Report: The Euro vs. Europe

09.03.2017

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

Report: Unbalanced Europe and the New Order in the OSCE Space
18.04.2018
The Helsinki Final Act of 1975 was a major milestone in the development of Europe and the first major step toward the end of the Cold War. A quarter of a century later, Europe is divided again,

Author: 
Ivan Timofeev

Category:
Reports
Russia and Abroad Over Five Years
05.04.2018
Even in current circumstances, where the West seems on the point of declaring a new Cold War, appearance may diverge from reality. There are long-standing hawks about Russia – such as the UK and some

Expert: 
Mary Dejevsky

Category:
Expert Opinions
Russia-West Relations: No Light in the Dead End Street
27.03.2018
The EU is not a serious player, and in some cases never was, writes Valdai Club expert Gerhard Mangott. Institutionalized dialogue with Russia was cut back in March 2014 and the EU member states are

Expert: 
Gerhard Mangott

Category:
Expert Opinions