EU's single-currency disaster

What does the future hold for the eurozone?

EURO TRAGEDY
 

A drama in nine acts

Ashoka Mody

Oxford University Press, 651 pages; $34.95
 

Anyone wanting to understand why the European Union’s single currency area — the Eurozone — has failed to bridge political divisions within the EU or disappointed many of the 19 EU countries that opted for the euro after its launch in 1999 – should read Ashoka Mody’s clearly written and meticulously referenced Euro Tragedy. Dr Mody’s account of the series of problems faced by Italy, a Eurozone member, indirectly throws light on why it recently became the first West European and G7 country to join China’s Belt