In the wake of the Greek crisis, the future of the EU is the subject of a great deal of debate. This book critically evaluates the current new monetarist model of Economic and Monetary Union in Europe, presenting an alternative post Keynesian (progressive) model, aimed at addressing the current problems of trade imbalance and asymmetric macroeco

Philip B. Whyman is Professor of Economics at the University of Central Lancashire, UK.

Introduction 1. Why is the Current Model of EMU Not Working? 2. Single Currency or Common Currency? 3. Monetary Policy in the Keynesian EMU 4. Rediscovering Fiscal Policy 5. Breathing Life into the European Social Model 6. Conclusion Bibliography