Controlled segmentation of the Eurozone in order to preserve the European Union and the Common European Market, the most valuable achievements of European integration:
A group of European economists, including QMUL Professor Brigitte Granville, presented the ‘European Solidarity Manifesto’ – a proposition to solve the current Eurozone crisis through a controlled dismantlement of the Eurozone via the exit of the most competitive countries and an agreement on a new currency coordination system in Europe.
Read the Manifesto and the list of the Signatories.
The Manifesto was first presented on 24th January 2013, on a conference held in Brussels (see: Events).
The group of the signatories consists of several European economists from South, North and non-Euro EU countries. The initiative is not associated with any political organization or party. The signatories come from different backgrounds, they have occupied distinguished positions in business, academia or government. They might differ in relation to economic schools of thought they have believed in, but they are united by the concern about the future of European Union and the well-being of Europeans in the times of growing divisions among Europeans.
The signatories decided to start their initiative due to the fact, that in the public debate, the idea of a controlled segmentation of the Eurozone is regarded as an expression of self-interest of the North willing to abandon the South. This perception is, however, not true. The objective of the European Solidarity Manifesto is to show that a controlled exit of the most competitive countries such as Germany, Netherlands, Finland at al. lies in the best interest of South, and that such solution offers the best chance to save the European Union and the Common European Market.
The signatories of the Manifesto are opened to discuss their proposal for Europe with political leaders, media, third sector organizations, trade unions, academics and everyone else who shares the conviction that today’s solutions to the Eurozone crisis instead of solving the situation, could endanger the foundation of European integration.
The idea presented in the Manifesto is developed in articles and books written by particular signatories. (see: Important links)