Clearly outlines how traditional models can be applied to contemporary issues, institutions and problemsExplains how recent crises are related to long-term problems related to the European Union's foundational treaties and the nominal appreciation of the exchange rate of the EuroProvides unique empirical analysis that reveals the two "mistakes", between 2002 and 2014, that have reduced the GDP of the Euro area by about 15% and produced a total employment loss of almost 13 million jobsweiterlesen