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Palgrave Macmillan

Breaking Up the Euro

The End of a Common Currency

  • Book
  • © 2013

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Authors:
  1. Dimitris N. Chorafas
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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xx
    Download chapter PDF

  2. The Breakup of the Euro Is a Probable “Impossibility”

    • Dimitris N. Chorafas
    Pages 1-23

  3. The Lack of Leadership Is Deeply Felt in Western Countries

    • Dimitris N. Chorafas
    Pages 25-48

  4. The Nineteenth “Summit’s” Miracle Weapons: June 28–29, 2012

    • Dimitris N. Chorafas
    Pages 49-73

  5. ECB, EFSF, ESM, Eurobonds, and Political Horse Trading

    • Dimitris N. Chorafas
    Pages 75-98

  6. Throwing Money to the Four-Letter Wind: LTRO

    • Dimitris N. Chorafas
    Pages 99-117

  7. Fiscal Compact and Outright Monetary Transactions

    • Dimitris N. Chorafas
    Pages 119-143

  8. TARGET2: The Creeping Risk of a Financial Nuclear Bomb

    • Dimitris N. Chorafas
    Pages 145-169

  9. Redenomination Risk Following a Euro Breakup

    • Dimitris N. Chorafas
    Pages 171-194

  10. Back Matter

    Pages 195-221
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Keywords

About this book

The drama of the common currency is a hot topic. The Euro was planned for the European Union's member states, bringing economically strong nations like Germany and Holland and weaker nations like Greece, Spain and Italy under one set of currency rules. A dozen years of its implementation has shown that the planning was incomplete at best. Add to this the weight of a deepening debt crisis among western nations, which continues unabated, and Europe has a very deep financial hole to climb out of. In this work, Dimitris N. Chorafas provides the reader with evidence to poor political judgment, then delves into preparation for the foreseeable Euro breakup and confronts the redenomination risk associated to it.

Reviews

"Chorafas' sharp and bitter analysis of the history and state of Euroland may shock the reader, as it should. Greed and incompetence and selfish national interests have made Europe's grand achievement of a monetary union inoperable; the politicians deny the failure and postpone bold countermeasures. Reality will catch up with their illusions and their attempts to get along with maneuvers which constantly deteriorate the situation instead of boldly safeguarding Europe's future. Not a pleasant, but an extremely necessary book." Eike Jessen, Emiritus Professor, University of Technology, Germany

About the author

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

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