MACMILLAN Europe's Economic Dilemma

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. Review 'Economics is a practical art gone wrong...John Mills is different. A skilled and unusually lucid economist, his work is eminently practical...' - Austin Mitchell, MP '...It is a book of major importance, and a totally constructive contribution to the economic debate. Let me not merely recommend but beg or even command everyone to read it as soon as possible.' - Geoffrey Gardiner About the Author John Mills is Chair of the Policy and Resources Committee of the London Borough of Camden.