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.
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Product Details
Dimensions: 140 x 216mm
Publication Date: 06 Aug 2013
Publisher: Palgrave Macmillan
Publication City/Country: United Kingdom
Language: English
ISBN13: 9781137333261
About D. Chorafas
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 8000 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.