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Dr Thomas Mayer by Beverly Chandler, Opalesque London
The 1st of October sees the publication of "Europe's Unfinished Currency" by Dr Thomas Mayer who was Chief Economist of Deutsche Bank Group and Head of Deutsche Bank Research. As of June 2012 he assumed the position of senior advisor to the bank’s management, allowing him to focus more on longer-term projects in economic research. Dr Mayer has previously held positions at Goldman Sachs and the International Monetary Fund.
Endorsed by such august names as Alan Greenspan, former Chairman of the Federal Reserve Board, (who found the book a stimulating read but particularly insightful on how a breakup of the Euro, should it occur, would evolve) and John Weeks, Professor Emeritus, School of Oriental and African Studies, University of London, the book examines the rise and fall of the Euro.
Mayer writes: "The euro was originally seen as another stepping stone to a politically unified Europe. Yet with the fall of the Berlin Wall, the disintegration of the Soviet Union and the unification of Germany, the need for European political union as a means to ensure peace in Europe disappeared".
Mayer believes that due to the fading will for full political union, the euro project lost the prospect of a stable platform in the foreseeable future. "As a result, the euro crisis forces policymakers to develop a new architecture for EMU". Mayer’s book 'Europe’s Unfinished Currency’ proposes that this can o...................... To view our full article Click here
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