Eurokrise

The European Monetary Union is in a state of crisis that is creating a threat to Europe. Instead of converging the socio-economic structures of the member states and thus strengthening the European unification process, the euro zone is marked by economic, social and political distortions. Differences between Euro states as well as conflicts in their political relations have grown.

In his interdisciplinary study, Gerhard Riehle deals with both the reasons for and the scope of this failure and its ensuing financial, economic, social and institutional effects. As a way out of the crisis he proposes to reach consensus in favour of winding up the Monetary Union. This solution puts its trust in the interest of the Euro states to preserve key elements of their cultural identity, which are considered to be part of their reasons of state, and to avoid a break-up of the much more important European Union.