Home euro-exit Mike Norman Economics Phillip Cunliffe — Swapping one mirage for another: the Left’s turn away from social Europe

Phillip Cunliffe — Swapping one mirage for another: the Left’s turn away from social Europe

Mike Norman Economics 2015-08-18

What's wrong with the European Left and what to do about it.
Cunliffe doesn't mention it but key to reclaiming national sovereignty in the EZ is a return to national currencies. As long as a nation is not the sole provider of its currency and doesn't incur obligations in a currency it does not issue it is not sovereign in its currency. And a nation that is not sovereign in its currency cannot exercise full national sovereignty.
Those with a stake in this are advised to read William F. Mitchell, Eurozone Dystopia (Elgar 2015) for an MMT analysis and solutions. Bill has arranged a discount of 35% for his blog readers. See his blog (scroll down to the bottom of the page for the code.) The Current Moment Swapping one mirage for another: the Left’s turn away from social Europe Phillip Cunliffe