Managing the Euro: Mission impossible!

by SAMIR AMIN

Worse, “Europe” doesn’t exist socially and economically either. A Europe composed of 25-30 states remains profoundly unequal in terms of capitalist development. The oligopolies that control the economy of the region (and its current politics and political culture besides) are groups whose “nationality” is determined by that of their major directors. These groups are primarily British, German, and French, only marginally Dutch, Swedish, Spanish, and Italian. Eastern Europe and in part Southern Europe are to Northwestern and Central Europe what Latin America is to the United States.

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