EuroTragedy: A Drama in Nine Acts

EuroTragedy: A Drama in Nine Acts

English | 2018 | ISBN: 0199351384 | 673 Pages | PDF true | 4 MB

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 toward 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. January 1999: the tragedy of the euro began.

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