Magazine
Latest Issue

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…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect