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How to save the euro

Martin Sandbu's entertaining new book argues that European Monetary Union was a good idea, badly executed, says Richard Lambert

© Wiktor Dabkowski/DPA/Press Association Images

Europe’s Orphan: The Future of the Euro and the Politics of Debt by Martin Sandbu (Princeton, £20.95) The Global Minotaur: America, Europe and the Future of the Global Economy by Yanis Varoufakis (Zed Books, £8.99) The euro is a hopelessly flawed project doomed to disaster from the start. A one-size-fits-all monetary policy allowed a country like Greece to borrow money on almost the same terms as Germany, and so build up enormous debts that it was never going…

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