Europe's Orphan: The Future of the Euro and the Politics of Debt - New Edition

Description

Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues that rather than blaming the

Martin Sandbu has been writing about economics for the Financial Times since 2009. Formerly the newspaper's economics leader writer, he currently writes the newspaper's Free Lunch premium economics newsletter. Previously, he was a senior research fellow at the Zicklin Center for Business Ethics Research at the Wharton School of the University of Pennsylvania. He is the author of Just Business: Arguments in Business Ethics.

Financial Times Best Books in Economics of the Year One of Financial Times (FT.com) Best Books in Economics 2015, chosen by Martin Wolf "Refreshingly eccentric."--Wolfgang Streek, London Review of Books "Well-written and closely argued,Europe's Orphanought to delight the smarter supporters of European integration and will challenge some long-held assumptions of their euroskeptic opponents, not least the perception that the currency union has gnawed away at the international competitiveness of the eurozone's weaker economies."--Andrew Stuttaford, Wall Street Journal "Books that attack the conventional wisdom are refreshing. They force us to rethink. That is what Martin Sandbu'sEurope's Orphandoes--and what makes it stand out in the increasingly crowded field of eurocrisis analysis... [S]timulating and important."--Paul De Grauwe, Financial Times "[A] stimulating and entertaining book... [Sandbu] has performed a public service by challenging the present dreary consensus on the fate of the euro and, in his final chapter, by reminding us what the single currency was for."--Richard Lambert, Prospect "Financial Times writer Sandbu (Just Business) looks past current headlines to the ideals and realpolitik strategy behind the Eurozone, arguing that it remains Europe's best hope for preserving global relevance... The book cogently explains why scapegoating the euro for Europe's economic and political disunity is nonsense."--Publishers Weekly "A highly intelligent, thought-provoking book, to be read by anyone who follows contemporary macroeconomic policy."--Tyler Cowen, Marginal Revolution "Martin Sandbu's book is a robust and generally well-informed critique of the handling of the euro-area crisis."--Patrick Honohan, Irish Times "The book provides a sophisticated 'liquidationist' alternative to the dominant rhetoric."--Martin Wolf, Financial Times, a FT Best Book of 2015 "[A] valuable recent book on the Euro crisis."--Arthur Goldhammer, The American Prospect "Intelligent, well-sourced, controversial."--Anders Horntvedt, Finansavisen "These provocative and insightful arguments are particularly valuable at a time when austerity retains its intellectual luster despite its manifest failures."--Andrew Moravcsik, Foreign Affairs "A spirited defense and a thoughtful reinterpretation of the eurozone's unpromising recent history."--Mark Harrison, Enterprising Investor