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Thursday, June 28, 2012

''David Marsh on Who's to Blame for the End of the Euro?''


''In The Euro -- The Politics of the New Global Currency, David Marsh delivered a comprehensive political and economic account of the birth and development of the Euro. Drawing on more than 100 interviews with leading figures associated with EMU, he told the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and analysed the achievements and shortcomings of its first decade of existence.

However, as he notes in the introduction to the revised edition of his book (The Euro -- The Battle for the New Global Currency, published in 2011 through Yale University Press), "Monetary union threw a veil of comfort and well-being over the fortunes of the continent. In 2009-10, the veil was ripped away". At this event, Marsh argued that the Euro as we have known it has come to an end, and offered his prognosis for what he now calls 'Europe's Melancholy Union'.''

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