Eurotragedy : a drama in nine acts / Ashoka Mody.

Eurotragedy : a drama in nine acts / Ashoka Mody.

9780190873721 (electronic book)

New York, NY : Oxford University Press, 2018.

English

1 online resource : illustrations

HC240 .M694 2018

337.14209

In May 1950, five years after the second of two catastrophic wars, European nations began building a magnificent structure of institutional cooperation and open trade borders to secure peace and prosperity. Then, in 1969, they took an astonishingly ill-advised leap towards a single currency-requiring a single monetary policy for vastly divergent economies. This was economic folly, critics untiringly warned. Worse, it carried the seeds of political division. Europe's leaders went forward unheeding, and in January 1999, the tragedy of the euro began. This vivid and compelling chronicle describes how the euro improbably emerged through a narrow historical window as a flawed compromise wrapped in a false pro-European rhetoric of peace and unity.

In May 1950, five years after the second of two catastrophic wars, European nations began building a magnificent structure of institutional cooperation and open trade borders to secure peace and prosperity. Then, in 1969, they took an astonishingly ill-advised leap towards a single currency-requiring a single monetary policy for vastly divergent economies. This was economic folly, critics untiringly warned. Worse, it carried the seeds of political division. Europe's leaders went forward unheeding, and in January 1999, the tragedy of the euro began. This vivid and compelling chronicle describes how the euro improbably emerged through a narrow historical window as a flawed compromise wrapped in a false pro-European rhetoric of peace and unity.

Includes bibliographical references and index.

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Description based on online resource; title from home page (viewed on April 17, 2018).

Print version: 9780199351381

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