EuroTragedy: A Drama in Nine Acts
EuroTragedy: A Drama in Nine Acts by Ashoka Mody
English | 2018 | ISBN: 0199351384 | 673 Pages | PDF true | 4 MB
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.