The Euro: the History, Issues and Solutions
A Practical Understanding of Economics, the EMU and the EU, from the Former Deputy Governor of a Central Bank
The Duomo Initiative presents: "The Euro: the History, Issues and Solutions" with Alfred Mifsud, former Deputy Governor of the Central Bank of Malta.
Over the past decade, we have seen Europe limp from problem to problem, from crisis to crisis and from bailout to bailout.
But what is the cause of the issues that Europe has been facing and how can they be resolved?
What is causing the rise of populist movements in nations such as Italy and Greece, that threaten the existence of the European Union itself?
We will explore those questions and much more in this course, including:
- The history of the Economic and Monetary Union (EMU) of the EU.
- The issues that were faced by the EMU during multiple financial crises.
- How the European Central Bank (ECB) tackled the crisis situations.
- The issues and flaws that still remain within the union.
- Alfred Mifsud's proposed solutions for resolving the flaws and bringing the union towards a stable equilibrium.
This is a unique opportunity to learn from someone with decades of experience in the financial services industry and first-hand knowledge of how policy-making decisions are made at the European Central Bank.
In this course, you'll learn a practical side of economics, monetary policy, fiscal policy and politics by looking at the case study of the euro and the EMU; one of the most ambitious and important economic developments of our time.
The course features over 3 hours of video lectures (40+ modules) presented by Nicholas Puri, in the typical Duomo Initiative style (as seen in our other courses and on our popular YouTube channel), plus over 20 detailed text modules. You will also get access to an audiobook and digital version of Alfred Mifsud's book "The Euro - Cure or Curse for the Future of the EU?"
All the content in this course has been prepared by Alfred Mifsud, based on his many years of experience. Each section starts with a video of Mifsud introducing the topic and explaining why it is important.
Alfred Mifsud was the Deputy Governor of the Central Bank of Malta from 2015-2017. During this time, he attended all Monetary Policy meetings of the Governing Council of the ECB, during one of the most eventful and tumultuous times of any central bank in history.
Mifsud is adamant that there are clear solutions to the problems being faced in Europe today. In this course, he will explain them.
Don't miss this unique learning opportunity... Enrol for free today!
Retired banker, finance professional, management consultant, portfolio manager and investment advisor.
Advisor to the Ministry for Finance Malta. Former Chairman of Mid-Med Bank and former Deputy Governor Central Bank of Malta.
Born in 1951 at Zebbug Malta and has considerable experience in banking, finance and economic matters.
His expertise in business management was proven both in the private and the public sector. He is associated with success stories like the Portomaso project, the Chairmanship of Mid-Med Bank, the defence of private shareholders from the unfair take-over bid by HSBC, the leadership of Super One Radio and Television and the establishment of his own investment services firm Crystal Finance Investments Ltd as a leading investment services provider of the local market.
He worked closely within Malta Labour Party for several years. Between 1992 – 1995 he was the chairman of the committee responsible for fund raising for the National Labour Centre at Hamrun. Between 1999 and 2001 he was the Chairman of One Productions Ltd. the media company owned by the Party running ONE TV & Radio.
He has written profusely about economic, financial and political matters in the local media and his opinion has occasionally served to shape the agenda of local discussions.
StartLecture 4: Section introduction by Alfred Mifsud (1:29)
StartLecture 5: Understanding monetary unions (6:38)
StartLecture 6: Definitions of monetary unions
StartLecture 7: The creation of the Economic and Monetary Union (EMU) of the European Union (2:32)
StartLecture 8: A brief history of how the EMU was formed
StartLecture 9: The problems with the stability of the EMU (5:55)
StartLecture 10: An obvious stability issue
StartLecture 11: The history of monetary unions (6:34)
StartLecture 12: Conclusions from the history of other monetary unions
StartLecture 13: Section introduction by Alfred Mifsud (2:55)
StartLecture 14: An optimum euro area (5:09)
StartLecture 15: Who would have qualified for an optimum EMU?
StartLecture 16: A closer look at Greece, Portugal, Italy and Spain (4:59)
StartLecture 17: What is the stability and growth pact? (Article)
StartLecture 18: The curious case of Ireland (5:29)
StartLecture 19: The Ireland case study
StartLecture 20: Fiscal discipline (6:10)
StartLecture 21: The 2006 changes to the SGP (Stability & Growth Pact)
StartLecture 22: Where does this lead us? (1:53)
StartLecture 23: Conclusion about the EMU's instability