Euro Crash

Euro Crash is a unique analysis of the European Monetary Union, arguing that it was not sub-optimal currency areas or profligate government spending but instead fatal flaws in monetary design

Euro Crash turns the conventional diagnosis of the failure of the European Monetary Union on its head. It argues that the main problem was not sub-optimal currency areas nor profligate government spending but fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank (ECB).

Euro Crash turns the conventional diagnosis of the failure of the European Monetary Union on its head. It argues that the main problem was not sub-optimal currency areas nor profligate government spending but fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank (ECB).

With Europe teetering on the edge of an economic precipice, BBC business editor Robert Peston takes a long view of the euro - from Churchill's vision of a United States of Europe to the bail-outs of Greece, Portugal and Ireland.