EuroTragedy

Derek Hawes, University of Bristol This monumental study...pulls no punches...Advanced students, their tutors, commentators and policy-makers must absorb this very timely book.

Mathew Partridge It is currently one of the leading works on the subject and one of the few that conveys some of the passion and urgency surrounding the issue.

Michael Mandelbaum The aptlytitled, clear written, and highly informative EuroTragedy: A Drama in Nine Acts by Ashoka Mody illuminates the euro's flawed origins, the counter productive way that Europe's political and eoncomic leaders have managed it, and its dismal prospects for the future.

Philip Turner Brilliant and biting. Ashoka Mody tells the story elegantly...he has a fine eye for the telling quote.

Ferdi De Ville Tour de force. Coldblooded economic analysis with a passionate critique.

Hans Kundanini Mody's book is one of the most coherent histories of the euro.

Andrew Moravcsik Best history of the eurozone crisis...admirable detail.

Mathew Partridge It is currently one of the leading works on the subject and one of the few that conveys some of the passion and urgency surrounding the issue.

CHOICE Mody (Woodrow Wilson School, Princeton Univ.) has written a page-turning work that combines deep political and economic analysis with fluent prose... This book provides an excellent historical thread for understanding the current crisis in the EU, and specifically in the eurozone....Summing Up: Highly Recommended.

Books of the Year 2018, The Economist A comprehensive and authoritative history of the euro which argues that the project was a predictable error.

Independent Comprehensive and fastidiously researched... One of the many strengths of Mody's book is its detailed historical narrative of how the tragedy unfolded... Whether or not one agrees with Mody's policy prescription for an ultimate happy ending, this is a supremely authoritative telling of the sad tale.

Financial Times The sweeping chronology of the euro is well told... he has such a good eye for what is economically important that his observations trump much of the conventional analysis he echoes... The most original parts of his book are the reasoned explanations of why debt restructuring of both sovereigns and banks should have been embraced early in the crisis and should be made a regular tool in future crises. Another highlight is his debunking of the 'Deauville myth'... If only this lesson is taken away, the book will have rendered a public service.

The Sunday Times Ireland Mody's tome (and it is a real door-stopper) comes from a uniquely valuable perspective [EuroTragedy] is the most detailed account yet of how the EU got things so badly wrong, and why.

Dr. Matthew Partridge, MoneyWeek Combining both narrative history and detailed charts and tables, Mody's book will appeal to scholarly readers, while still being straightforward enough to be enjoyed by the int...

Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. Previously, he was Deputy Director in the International Monetary Fund's Research and European Departments. He has also worked at the World Bank, University of Pennsylvania, and AT&T's Bell Laboratories. Mody has advised governments worldwide on developmental and financial projects and policies, while writing extensively for policy and scholarly audiences.

List of Figures Acknowledgments List of Abbreviations Introduction: Europe Ends Up Someplace Else Chapter 1: Three Leaps in the Dark, 1950-1982 Chapter 2: Kohl's Euro, 1982-1998 Chapter 3: Schroeder Asserts the German National Interest, 1999-2003 Chapter 4: Irrational Exuberance, 2004-2007 Chapter 5: After the Bust, the Denial, 2007-2009 Chapter 6: Delays and Half-Measures: Greece and Ireland, 2010 Chapter 7: Policy Wounds Leave Behind Scar Tissue, 2011-2013 Chapter 8: The ECB Hesitates, the Italian Fault Line Deepens, 2014-2017 Chapter 9: The Final Act: A Declining and Divided Europe Scenarios: The Future Ain't What It Used to Be Epilogue Main Characters in the Euro Drama Timeline of Key Events: How it Unfolded Notes References Index