Jump to ContentJump to Main Navigation
Europe's OrphanThe Future of the Euro and the Politics of Debt$
Users without a subscription are not able to see the full content.

Martin Sandbu

Print publication date: 2017

Print ISBN-13: 9780691175942

Published to Princeton Scholarship Online: May 2018

DOI: 10.23943/princeton/9780691175942.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 03 July 2022

Remembering What the Euro Is For

Remembering What the Euro Is For

(p.267) Eleven Remembering What the Euro Is For
Europe's Orphan

Martin Sandbu

Princeton University Press

This concluding chapter highlights what the euro is good for. European economic prowess and unity of purpose are goals towards which the euro can and should make a contribution, even if its leaders' policy choices have prevented that from happening so far. Monetary union is good for trade, and trade is good for productivity and growth. Moreover, it makes it easier to invest across borders. The euro, can help channel savings from the older, richer parts of Europe to investments in the younger, poorer, and potentially faster-growing, parts. In both these ways, the ‘one market, one money’ slogan got it right: letting both trade and capital work on larger stages lifts the limits that a small scale imposes on productivity. And, finally, the removal of the devaluation ‘quick fix’ encourages both companies and governments to address the sources of low productivity.

Keywords:   euro, European economy, unity, monetary union, trade, investments, productivity

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.