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Publisher's Summary

Blending economic analysis with political drama, EuroTragedy is a groundbreaking account of the euro's history and tragic consequences. In this vivid and compelling chronicle, Ashoka Mody 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. 

Drawing on his frontline experience as an official with the IMF, Mody situates the tragedy in a fast-paced global context and guides the listener through the forced - and unforced - errors Eurozone authorities committed during their long financial crisis. 

The decision to switch from national currencies to the euro unfolded as both economic and political tragedy. It weakened the growth potential of member states, which made financially vulnerable Europeans more anxious. It deepened perceptions of unfairness and widened the division between nations. Now, the burden falls on younger Europeans, a generation with a discouragingly bleak future. 

A compassionate view of European possibilities, EuroTragedy makes clear that the euro's structural flaws will continue to haunt the continent. Instead of centralizing authority to prop up an ossified pro-Europeanist model, it is time to loosen ties that bind too tightly so that a liberal order can once more flourish.

©2018 Oxford University Press (P)2019 Tantor

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Scandal

This book tells all the truth about where Europe is heading! The Euro was built on sand and will end in tragedy! Why was this book never translated in all the European languages? Only in Italian! The European Commission has probably sanctioned any translation!

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  • Simon Brady
  • 04-16-21

Easy to understand how the euro has acted as a catalyst for European decline

Recommended listening for all European peoples. How was this allowed to happen.
An easy to understand analysis of the political and economic issues involved.

How so called politicians in places of unelected and unaccountable responsibility got way ahead of, not only the people they claim to represent, but ahead of even themselves. Creating a mess that has still to be somehow sorted out while all the while becoming an ever bigger problem blighting the future for hundreds of millions of citizens. A lessen of how the eu’s leaders carry on kicking a can further down the road for years on end not knowing how it will end. Time will tell.

The biggest ever act of self harm since WW2. Whatever your political leanings, pro or anti, please read/listen to this book. It is no coincidence that economists of non European backgrounds give an honest, objective assessment of the eu and its harmful governance.