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EuroTragedy
- A Drama in Nine Acts
- Narrated by: Liam Gerrard
- Length: 22 hrs and 12 mins
- Unabridged Audiobook
- Categories: Money & Finance, Economics
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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.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- 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.