Profile picture
Mark Copelovitch @mcopelov
, 13 tweets, 9 min read Read on Twitter
Today is the #Euro's 20th birthday. It's been a turbulent second decade for the single currency. While the Euro has survived, and in many ways been successful, the fundamental political and economic problems laid bare by the Euro crisis remain 1/ #EUROat20
In 2011, I discussed the economic and political reasons for European monetary integration, as well as the political economy of the crisis. The core problems and barriers to real policy solutions I discussed then largely remain today 2/ video.wpt.org/video/universi…
In 2015, I wrote about the Euro crisis in the wake of the Greek referendum. While the Euro has survived and Grexit, thus far, has not happened, the existential threats to EMU in the long term remain 3/ washingtonpost.com/news/monkey-ca…
In 2016, @stefwalter__ @jafrieden & I edited a CPS special issue on the political economy of the Euro crisis, w/ some amazing collaborators, incl @jfalbertos @realDLeblang @fgenovese86 @mhallerberg @SophieLMeunier @Erik_Jones_SAIS & @rdanielkelemen journals.sagepub.com/toc/cpsa/49/7 4/
As we summarize here, the underlying problems of the EZ remain & the long-term future of EMU remains unclear. The challenge of the Euro's third decade is to overcome these barriers, most of which are primarily about domestic & international politics 5/

blogs.lse.ac.uk/europpblog/201…
I talked more in 2018 with @DavidBeckworth on how policymakers botched the response to the global and Eurozone crises and turned them into a Lost Decade. Unfortunately, there is little reason yet to believe that next time will be any different 6/
One of the best things about Twitter is how it has helped me connect w/ so many smart people writing about the Euro, including @ashokamody @adam_tooze @M_C_Klein @AndrewWattEU @nicolas_veron @BrigidLaffan @BJMbraun @DanielaGabor @miotei @m2matthijs & more. Twitter at its best 7/
So, happy birthday #Euro! Here's to the next decade of political economy challenges & domestic/international political struggles over the distributional consequences of policies to manage one money for 19 very different countries 8/
Let's hope there is a 30th birthday in 2029. But, just in case, here is the map we'll need to describe the countries that leave 9/
And, of course, any good IPE topic deserves appropriate music. My favorite songs for pondering European integration and the Euro crisis:

10/
11/
12/
13/
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Mark Copelovitch
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!