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THE EURO - Media Comments and Reaction News & Commentary in German |
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Reviews in English The Euro: The Politics of the New Global Currency by David Marsh By David Smith - published on 15/02/09 in The Sunday Times Sorting through some stuff I came across my press badge for the Brussels summit in 1998 that launched the euro project in a fanfare. The meeting, recalled by David Marsh in his excellent new book, The Euro: The Politics of the New Global Currency (Yale University Press), was marred by a Franco-German row over who should be the European Central Bank's first president. Tony Blair, chairing the meeting, was ill-prepared for the disagreement and the euro got off to a poor start, though its second five years were better. Things are now very tough, though, hence Friday's sharp 1.5% drop in euroland GDP, which included a 2.1% plunge in Germany. I'll return to the book another time, but anybody hoping the current crisis will speed UK entry will not get much succour. After talking to many people, Marsh finds the political gulf is widening and said the UK will stay outside until at least 2025. Who knows where we will be then? For further details including book purchases, bulk copies and news on book launch events, please contact: Wiebke Räber, London and Oxford Group, + 44 (0)20 7796 9911, wiebke.raeber@londonandoxford.com For all other questions about the book, including reviews, please contact: For English edition: Katie Harris, Yale University Press, + 44 (0)20 7079 4900, katie.harris@yaleup.co.uk For German edition: Dagmar Landgrebe, Murmann Verlag, +49 (0)40 3980 8313, landgrebe@murmann-verlag.de
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