The Euro: the History, Issues and Solutions - Alfred Mifsud

A Practical Understanding of Economics, the EMU and the EU, from the Former Deputy Governor of a Central Bank
Rating: 4.4 out of 5 (139 ratings)
3,057 students
The Euro: the History, Issues and Solutions - Alfred Mifsud
Rating: 4.4 out of 5 (139 ratings)
3,057 students
A practical understanding of monetary policy, particularly related to dealing with crisis situations.
An overview history of the formation of the euro and the EMU.
An overview history of monetary unions.
Previous issues with EMU Member States during the financial crisis and European Sovereign Crisis.
How the ECB and European countries dealt with crises of the past.
The current issues with the euro and EMU stability that may lead to future catastrophic issues.
What can be done to resolve the issues within the EMU and provide a more sustainable future for the euro and the monetary union.

Requirements

  • A basic understanding of Economics (useful but not essential).
  • Basic knowledge of the financial crisis events affecting Europe since 2007 (useful but not essential).
Description

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!

Who this course is for:
  • Economics students looking for a practical case study of real-life economic events and related policy making decisions.
  • Business students wanting a deeper understanding of how economic decisions, such as fiscal and monetary policy, affect business conditions.
  • Business operators who wish to be better prepared for future economic events involving the European Union.
  • Economists who would like to know more about the issues with the EMU and what can potentially be done to fix it.
  • Policy makers and those involved in EU-related institutions that would like to know the problems with the EMU and potential solutions.
Course content
9 sections • 72 lectures • 4h 25m total length
  • Introduction
    04:41
  • Interview with Alfred Mifsud, your course subject expert
    07:39
  • How to approach this course
    02:57
  • Section Introduction - Alfred Mifsud
    01:29
  • Understanding Monetary Unions
    06:38
  • Monetary Unions: The Definitions
    02:20
  • The Creation of the Economic and Monetary Union (EMU) of the European Union
    02:32
  • A Brief History of How the EMU Was Formed
    01:42
  • The Problems with the Stability of the EMU
    05:55
  • An Obvious Stability Issue
    03:01
  • The History of Monetary Unions
    06:34
  • Conclusions from the History of Other Monetary Unions
    01:03
  • Section Introduction - Alfred Mifsud
    02:55
  • An Optimum Euro Area
    05:09
  • Who Would Have Qualified for an Optimum EMU?
    02:22
  • A Closer Look at Greece, Portugal, Italy and Spain
    04:59
  • What is the Stability and Growth Pact? (Article)
    03:24
  • The Curious Case of Ireland
    05:29
  • The Ireland Case Study
    03:40
  • Fiscal Discipline
    06:10
  • The 2006 Changes to the Stability and Growth Pact (SGP)
    01:13
  • Where Does This Lead Us?
    01:53
  • Conclusion About the EMU's Instability
    01:07
  • Section Introduction - Alfred Mifsud
    01:17
  • Predicting the Problems
    05:26
  • On the Edge... Is This Really the End? (The Economist Covers)
    00:22
  • The Euro's Near Death Experience
    04:50
  • Policy Measures Taken to Support the EMU
    05:18
  • Section Introduction - Alfred Mifsud
    03:44
  • Deepening of the Economic Monetary Union
    04:40
  • The Five Presidents' Report and the Reflection Paper
    03:26
  • Risk Reduction or Risk Sharing?
    05:09
  • Reduction of Non Performing Loans (NPLs) in the banking system
    02:14
  • Addressing the NPL Risk
    01:52
  • Elimination of the Doom-Loop Between the Banks and their Sovereign
    03:24
  • Addressing the Doom-Loop Between Banks and Their Sovereign
    02:41
  • Limping from Crisis to Crisis
    06:13
  • Section Introduction - Alfred Mifsud
    03:43
  • The German Election
    04:37
  • The United States of Europe
    04:50
  • France and Macron
    04:12
  • The Two Proposals - Schulz and Macron
    03:06
  • Section Introduction - Alfred Mifsud
    03:44
  • The EMU Disequilibrium
    02:23
  • Taking Appropriate Steps
    00:51
  • Applying Opposite Forces at Both Ends
    04:52
  • Rethinking the Approach to Debt Restructuring
    02:34
  • Leaving the euro
    01:41
  • The Limits of the ECB's Monetary Policy
    04:51
  • The ECB's Approach
    03:21
  • How Germany Benefited in the Crisis
    05:13
  • Boosting Germany's Competitiveness
    01:49
  • Summarising the Disequilibria
    06:15
  • Four Elements for Repairing the Monetary Union
    00:53
  • Section Introduction - Alfred Mifsud
    06:49
  • Are People in Favour of a Monetary Union?
    00:17
  • Blaming the Euro and the Rise of Populism
    03:34
  • The Fairness is Missing
    08:49
  • Example: The Unfair Advantage
    01:30
  • Addressing the Unfairness
    06:05
  • Treating the Symptoms
    01:36
  • Calculating the Structural Part of a Surplus
    04:31
  • Defining Macroeconomic Imbalances
    01:45
  • Improving Fiscal Discipline
    04:02
  • Central Debt Agency
    01:56
  • Summarising What Can Be Done
    03:35
  • Section Introduction - Alfred Mifsud
    04:25
  • The Euro Journey Is Still at the Beginning
    05:22
  • Conclusion
    05:28
  • Final Words (Alfred Mifsud)
    08:47
  • Wrapping Up the Course
    01:58
  • Free eBook and Audiobook of 'The Euro - Cure or Curse for the Future of the EU?'
    00:09

Instructors
Financial Education (as seen on YouTube)
The Duomo Initiative
  • 4.3 Instructor Rating
  • 1,406 Reviews
  • 26,439 Students
  • 2 Courses

The Duomo Initiative is the educational division of PuriCassar AG, a financial company.

Our lessons and courses cover areas such as: the financial markets, trading, investing, financial management, economics and accounting.

Our courses follow the same distinctive teaching style as seen on our popular YouTube channel, making our lessons engaging, interactive and effective.

Alfred Mifsud
  • 4.4 Instructor Rating
  • 139 Reviews
  • 3,057 Students
  • 1 Course

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.

Background:

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.