Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

"Chorafas' sharp and bitter analysis of the history and state of Euroland may shock the reader, as it should. Greed and incompetence and selfish national interests have made Europe's grand achievement of a monetary union inoperable; the politicians deny the failure and postpone bold countermeasures. Reality will catch up with their illusions and their attempts to get along with maneuvers which constantly deteriorate the situation instead of boldly safeguarding Europe's future. Not a pleasant, but an extremely necessary book." Eike Jessen, Emiritus Professor, University of Technology, Germany

• 1. The Break-up of the Euro Is a Probable 'Impossibility' 2. The Lack of Leadership is Deeply Felt in Western Countries 3. The 19th 'Summit's' Miracle Weapons; June 28/29, 2012 4. ECB, EFSF, ESM, Eurobonds and Political Horse Trading 5. Throwing Money to a Four-Letter Wind: LTRO 6. Fiscal Compact and Outright Monetary Transactions 7. TARGET2. The Creeping Risk of a Financial Nuclear Bomb 8. Redenomination Risk Following a Euro Break-up

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

"Chorafas' sharp and bitter analysis of the history and state of Euroland may shock the reader, as it should. Greed and incompetence and selfish national interests have made Europe's grand achievement of a monetary union inoperable; the politicians deny the failure and postpone bold countermeasures. Reality will catch up with their illusions and their attempts to get along with maneuvers which constantly deteriorate the situation instead of boldly safeguarding Europe's future. Not a pleasant, but an extremely necessary book." Eike Jessen, Emiritus Professor, University of Technology, Germany

• 1. The Break-up of the Euro Is a Probable 'Impossibility' 2. The Lack of Leadership is Deeply Felt in Western Countries 3. The 19th 'Summit's' Miracle Weapons; June 28/29, 2012 4. ECB, EFSF, ESM, Eurobonds and Political Horse Trading 5. Throwing Money to a Four-Letter Wind: LTRO 6. Fiscal Compact and Outright Monetary Transactions 7. TARGET2. The Creeping Risk of a Financial Nuclear Bomb 8. Redenomination Risk Following a Euro Break-up

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

"Chorafas' sharp and bitter analysis of the history and state of Euroland may shock the reader, as it should. Greed and incompetence and selfish national interests have made Europe's grand achievement of a monetary union inoperable; the politicians deny the failure and postpone bold countermeasures. Reality will catch up with their illusions and their attempts to get along with maneuvers which constantly deteriorate the situation instead of boldly safeguarding Europe's future. Not a pleasant, but an extremely necessary book." Eike Jessen, Emiritus Professor, University of Technology, Germany

• 1. The Break-up of the Euro Is a Probable 'Impossibility' 2. The Lack of Leadership is Deeply Felt in Western Countries 3. The 19th 'Summit's' Miracle Weapons; June 28/29, 2012 4. ECB, EFSF, ESM, Eurobonds and Political Horse Trading 5. Throwing Money to a Four-Letter Wind: LTRO 6. Fiscal Compact and Outright Monetary Transactions 7. TARGET2. The Creeping Risk of a Financial Nuclear Bomb 8. Redenomination Risk Following a Euro Break-up