Corporal Jones guide to the Euro

13 Dec

Disclaimer : I won this book earlier this year in a rather surprising caption competition from the wonderful Lion and Unicorn peeps.

Not another Brexit book but one on the policy,history and issues that have arisen for Countries engaged in the single currency. At times this book is like the Corporal Jones guide to the Euro, the authors ” Do not like it, they do not like it.” over and over. Not the cold steel but the Hard Euro. At times this gets in the way of some insightful and important analysis. The Euro has been a flop, it could never have worked on the terms it was created on, and the participants seem to have few if any options. The negative impact of the Euro on countries like Ireland and Greece are covered in a readable way. The authors have concluded that divorce is the only option left and despite the pain and the mess this might cause, it should be worked through.

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They are contemptuous of those who have tried to make the Euro more palatable, withering put downs of Yanis Varoufakis abound, the most quotable being ” No amount of swooning over Varoufakis can disguise the fact he’s a politics lecturer in a leather jacket” Ouch. I know its a quote in the book but clearly a position shared by the authors. The left it seems, much like the right is split on this issue ( The Euro not Varoufakis !).

The Euro looks to be in deep trouble at the moment, if it bounces back it will be a whole new Europe that emerges with it. If it dies then so too does the current version of Europe. In light of Brexit, the Italian Referendum and as we near the French Presidential elections, Corporal Jones of the Euro is returning.Only this time its “ Don’t Panic”

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