Detailed Information on Publication Record

Philipp Bagus: Tragédia eura (The Tragedy of the Euro). Bratislava: Jaga Group 2011. 159 pages. ISBN 978-80-8076-093-9. The book stresses ideological aspects rather than economic arguments of the benefits and costs of the monetary union. Even in the conclusion, the author reiterates: “The Euro has succeeded in serving as a vehicle for centralization in Europe and for the French government’s goal of establishing a European Empire under its control - curbing the influence of the German state” (p. 129). The book does not include many economic arguments for or against the euro. Hence the primary benefit of the book may be the detailed empirical material on the development of the Greek debt crisis. And this is not at all bad; even this benefit should be appreciated.