Download or read book Europe's Economic Dilemma written by J. Mills and published by Springer. This book was released on 1998-02-04 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe's Economic Dilemma analyses the reasons why the European Union's growth rate has fallen during the last quarter of a century to little more than a third of its previous level. It concludes that the major reason has been politically driven attempts to lock EU currencies together in inappropriate economic circumstances. These have led to chronic deflation, rising unemployment and falling investment and competitiveness as EU Member States, without exchange rate flexibility, have found themselves unable to compete with Germany.