The Euro: The Politics of the New Global Currency

The Euro: The Politics of the New Global Currency

by David Marsh
     
 

View All Available Formats & Editions

ISBN-10: 0300127308

ISBN-13: 9780300127300

Pub. Date: 05/05/2009

Publisher: Yale University Press

This book is the first comprehensive political and economic account of the birth and development of the Euro. Today the Euro is the supranational currency for sixteen European countries and the world’s second-largest reserve currency. David Marsh tells the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and he

Overview

This book is the first comprehensive political and economic account of the birth and development of the Euro. Today the Euro is the supranational currency for sixteen European countries and the world’s second-largest reserve currency. David Marsh tells the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and he analyzes the achievements and shortcomings of its first decade of existence.

While the Euro represents a remarkable triumph of political will, great pressures are building on the single currency. Drawing on more than 100 interviews with leading figures associated with the Euro, and scores of secret documents from international archives, Marsh underscores the Euro’s importance for the global economy, in particular for U.S. and British economic and political agendas.

Hidden facts and fresh insights from The Euro:

  • How the legacy of France and Germany’s tortuous relations affects the Euro
  • Why the United Kingdom is unlikely to accept the Euro before 2025
  • The impact on the Euro of the U.S. credit crisis
  • How the Euro has rebounded against the aspirations of its founders
  • How Italy and Spain have massively lost competitiveness
  • Why radical changes must be adopted to prevent a European upheaval

Product Details

ISBN-13:
9780300127300
Publisher:
Yale University Press
Publication date:
05/05/2009
Pages:
352
Product dimensions:
6.40(w) x 9.30(h) x 1.20(d)

Table of Contents

Contents

List of Illustrations....................vi
Preface....................vii
Introduction: The Story of the Euro....................1
Chapter 1 Blood and Gold....................13
Chapter 2 At the Epicentre....................31
Chapter 3 Tyranny of the Mark....................68
Chapter 4 The Coming Trial....................93
Chapter 5 Shock Waves....................132
Chapter 6 Europe's Destiny....................176
Chapter 7 Coping with Imbalance....................206
Chapter 8 The Reckoning....................236
Notes....................262
Sources and bibliography....................322
Index....................332

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >