The case against the euro

What prompted this thought was my reading of an in-depth analysis of the crisis in the eurozone. It has been put together by the Carnegie Endowment for International Peace. It is called Paradigm Lost - the Euro in Crisis. It features a series of reports by economists such as Uri Dadush, Sergei Aleksashenko, Vera Eidelman and Paola Subacchi.

They chart how the euro crisis started. The paper is rich in data, but even though it lacks characters it reads more like a financial novel. It is the story of a project that started with high hopes, huge ambitions, but which for some countries came crashing to Earth.

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