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Ashoka Mody, “Eurotragedy: A Drama in Nine Acts” (Oxford UP, 2018)
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global…
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