TY - BOOK ID - 16245073 TI - The European Roots of the Eurozone Crisis : Errors of the Past and Needs for the Future PY - 2017 SN - 3319580809 3319580795 PB - Cham : Springer International Publishing : Imprint: Palgrave Macmillan, DB - UniCat KW - Economic theory. KW - European Economic Community literature. KW - Economics. KW - European Economics. KW - Economic Theory/Quantitative Economics/Mathematical Methods. KW - European Integration. KW - Financial crises KW - European Union countries KW - Economic conditions. KW - Economic policy. KW - Crashes, Financial KW - Crises, Financial KW - Financial crashes KW - Financial panics KW - Panics (Finance) KW - Stock exchange crashes KW - Stock market panics KW - Crises KW - Europe—Economic conditions. KW - European Economic Community lite. KW - Economic theory KW - Political economy KW - Social sciences KW - Economic man UR - https://www.unicat.be/uniCat?func=search&query=sysid:16245073 AB - This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific theoretical contributions within a framework of growth theory models to examine the two major pillars of the European construction, the European Central Bank and the Maastricht Treaty, and seeks to explain why they are theoretically wrong.  The second half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has lost in terms of economic and social cost from 2002 to 2014 as a consequence of the super-evaluation of the Euro and the Maastricht Treaty parameters being mistakenly fixed and pursued. Finally, the author supports the urgent need to refund the European Union, up-dating The Maastricht Treaty and the ECB statute to build three concentric circles: the USE (United States of Europe), the EU (European Union), the EAFTDA (Europe/Africa Free Trade and Development Area). ER -