Book notes: EuroTragedy, by Ashoka Mody
Former International Monetary Fund insider elegantly tells story of currency that has defied economics
Ashoka Mody, EuroTragedy: a drama in nine acts, Oxford University Press, 2018, 672 pages
This is a brilliant and biting book on the macroeconomic failures of the euro. An ex-International Monetary Fund insider, Ashoka Mody tells the story elegantly, explaining economics in a highly readable way. He has a fine eye for the telling quote, many culled from contemporary press coverage. He is right – the creation of the euro had defied economics, and he warns it could get “worse, much worse”. His
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