|Title||:||The Rotten Heart of Europe: Dirty War for Europe's Money|
|Format Type||:||Kindle Edition|
|Number of Pages||:||416 Pages|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
The Rotten Heart of Europe: Dirty War for Europe's Money Reviews
https://soundcloud.com/theeconomist/t..."Words of a Euro Doomsayer Have New Resonance"in:http://www.nytimes.com/2011/11/18/bus...7th September 2015.UPDATESToday’s elections in Holland make this book mandatory; so attention on the affirmations of the head of Turkey:"Erdogan reportedly said during a press conference on Tuesday: ‘We know the Dutch from the Srebrenica blood bath. We know how their perverse their character has become through the mass murder of 8,000 Bosnians there.’"in: http://www.dutchnews.nl/news/archives..."Uma vitória de Wilders seria equivalente ao terramoto de 1755 em Lisboa"["A Wilders victory would be the equivalent to the 1755, Lisbon quake"]. Writer Rentes de Carvalho, 86 years old, living in Holland it's been 60 years. I'LL BE BACK.15th March 2017As for the results, Wilders is up, yet not shaking Holland,16th March 2017“You can’t spend all the money on drinks and women and then ask for help."EUROGROUP head Jeroen Dijsselbloem.in: http://www.express.co.uk/news/world/7...Comment: poor men of Southern Europe...22nd March 2017
I have struggled to assign a 'rating' to this book. On one side, you can see the book is really well written and researched. The author clearly has 'insider' knowledge, not surprising as he worked for the EC until he was dismissed allegedly when his ideas where clearly too radically in opposition to the main current converging towards monetary union. A dismissal which if you believe the author was clearly unfair and disgraceful in the way it was handled. Apart from this, given when the book was written (mid 90's) it is clear the author knows what he is talking about - the proof is in how many of his forecasts where spot on, and clearly recognizable way after the book was published in 1995. The author portrays very well how non-sensical was to enter into fixed exchange currency rates and how economics and national interests were always second role against the political ambitions of the different players, mainly the German Government, the Bundesbank, the French Government and the 'Enarques' (the most senior French technocrats). He illustrates the idea very well:"In understanding the collapse of the ERM, however, what is important is that to subordinate domestic (that is, national) economic considerations to national foreign policy goals almost always corresponds to subordinating the preferences of the population at large to those of a political élite, and can never be unconditional, except – possibly – in the most ruthlessly efficient totalitarian state."The text is in some points hilarious as he illustrates very vividly the main shortcomings of the different characters. But here is when one becomes a bit skeptical. One things the author maybe is too biased, he is a devoted fan of the late Lady Thatcher by the way, and one is never sure if his illustrations and the narration of the facts are too influenced by his political values. The demonisation of the French socialists (even if one would like to believe) and the ridiculisation of others detracts a bit of credibility. The characters seem too flat in these instances. He does however paint more nuanced pictures of others. All this, even if the author's values and political leanings resonate with my own ideas, make me hesitant about how much truth the narrative contains.I will still recommend the book to anyone interested in the developments leading to the monetary union and in the tensions leading into it, but as I'm saying always keeping a critical eye. Another criticism is that the author doesn't succeed in addressing the lay reader - you will need some economics / finance / monetary basis to understand a big part of the book. And one might argue that the author never portrayed to address the book to everyone but I would say that why then does he every now and then go into explaining concepts which are really simple without doing the same for much more complex situations.I will finish with a golden but ominous nugget situated towards the end of the book:"In EMU, those market signals (interest rates and exchange rates) would not be able to operate. Instead, the strain would have to be taken by employment, wages, migration, budgetary transfers among member countries and unsustainable fiscal expansion."
ordering it now. Anyone who gets fired after telling the truth on the inner workings is worth the read. Ordering it now and looking forward to the read.