The European Financial Crisis

CHAPTER 9

From Forest Fires to Bumblebees and Hammers and Nails—Lessons from the Euro Crisis

So what have we learned from the Euro crisis? There are many lessons one can draw from the experiences of the Eurozone since 2009. Some have been enumerated in the previous pages. The purpose of this book has been to attempt to describe the complexity of the Euro crisis, what it is, why it occurred, and why it has been so difficult to treat for European policy makers. This too has been described previously. In concluding our investigation it would be too easy to declare how the Eurozone could have improved the worst impacts of the crisis or avoided them altogether with some simple policy prescriptions gleaned only with the aid of hindsight. Clearly, the ...