Ashoka MODY, Euro Tragedy: a drama in nine acts (New York 2018)
Thursday, 25 June 2020
Ashoka Mody’s book has received a great deal of praise. It narrates how the euro came into being and how it has developed. The thesis is clear: too much was expected of it, far too little prudence attended its birth, and after two decades there are far too many glaring flaws. The aims of France and of Germany turn out to have been diametrically opposed. Rhetoric cannot bridge the gap between vision and reality. The euro is more than money: it is an item of faith.
