The Euro: The Politics of the New Global Currency

The Euro: The Politics of the New Global Currency

by David Marsh
     
 

ISBN-10: 0300164009

ISBN-13: 9780300164008

Pub. Date: 03/30/2010

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

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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

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Product Details

ISBN-13:
9780300164008
Publisher:
Yale University Press
Publication date:
03/30/2010
Pages:
352
Product dimensions:
5.70(w) x 8.90(h) x 1.10(d)

Table of 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

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