Europe's center-left is rapidly falling out of love with the European single currency. Fifteen years after its creation, British journalists Larry Elliott and Dan Atkinson assess its performance to show why. Looking at a range of key indicators the authors show how the euro has failed to deliver on its promise of more jobs, more growth and greater equality. Instead it has undermined the European Union. Elliott and Atkinson compare the European Central Bank to the Federal Reserve, arguing that the architects of the euro subjugated economic measures to political considerations. Consequently, countries that didn’t meet the economic convergence criteria were still allowed entry. The end result is a dysfunctional currency union that is unable to cope with difficult economic circumstances. Assessing the situations in Greece, Germany, Italy, France, Ireland, and Iceland, as well as Britain, they show that the current policy of kicking the can down the road and hoping that something will turn up is proving increasingly unpopular with the currency's one-time fans in progressive politics. This engaging and accessibly written volume will be widely read by economists, pundits, and policymakers as Britian considers its future relationship with Europe.

THE SUNDAY TIMES NUMBER ONE BESTSELLER A WATERSTONES POLITICS PAPERBACK OF THE YEAR, 2018 The Strange Death of Europe is a highly personal account of a continent and culture caught in the act of suicide. Declining birth-rates, mass immigration and cultivated self-distrust and self-hatred have come together to make Europeans unable to argue for themselves and incapable of resisting their own comprehensive change as a society. This book is not only an analysis of demographic and political realities, but also an eyewitness account of a continent in self-destruct mode. It includes reporting from across the entire continent, from the places where migrants land to the places they end up, from the people who appear to welcome them in to the places which cannot accept them. Told from this first-hand perspective, and backed with impressive research and evidence, the book addresses the disappointing failure of multiculturalism, Angela Merkel's U-turn on migration, the lack of repatriation and the Western fixation on guilt. Murray travels to Berlin, Paris, Scandinavia, Lampedusa and Greece to uncover the malaise at the very heart of the European culture, and to hear the stories of those who have arrived in Europe from far away. In each chapter he also takes a step back to look at the bigger issues which lie behind a continent's death-wish, answering the question of why anyone, let alone an entire civilisation, would do this to themselves? He ends with two visions of Europe – one hopeful, one pessimistic – which paint a picture of Europe in crisis and offer a choice as to what, if anything, we can do next.

A provocative study of the critical problems that are crippling Europe and causing an increasing anti-Americanism looks at the return of the ethnic hatred, class divisions, and war that previously wreaked havoc on Europe, as well as the rise of such new issues as declining birthrates, growing Islamic fundamentalism, and an unsustainable economic model. Reprint. 15,000 first printing.

'This is a credible plan for life outside Europe and deserves to be widely read' The Week - Business Books of the Year FULLY REVISED EDITION FOR THE 2016 UK EU REFERENDUM The EU hasn't delivered the prosperity and growth it promised; the euro has turned out to be a disaster; and the EU's share of world GDP is set to fall sharply. Moreover, no one is clear what the EU is for, or how 'ever closer union' can be matched with expanding borders and huge disparities of income and culture. The EU is the most important thing that stands between Europe and success. Outside the EU, the UK could thrive, shorn of the EU's regulatory burden and free to develop close trading links with everyone - a truly global Britain. Moreover, BREXIT could provide the spur for the EU either to reform or break up. The UK can lead the way to a better Europe. This updated and expanded Third edition of Roger Bootle's critically acclaimed book includes further material on European reform, mass migration and a major new chapter on the UK referendum and its consequences.

No survey can capture the breadth and depth of the anti-Americanism that has swept Europe in recent years. From ultraconservative Bavarian grandmothers to thirty-year-old socialist activists in Greece, from globalization opponents to corporate executives--Europeans are joining in an ever louder chorus of disdain for America. For the first time, anti-Americanism has become a European lingua franca. In this sweeping and provocative look at the history of European aversion to America, Andrei Markovits argues that understanding the ubiquity of anti-Americanism since September 11, 2001, requires an appreciation of such sentiments among European elites going back at least to July 4, 1776. While George W. Bush's policies have catapulted anti-Americanism into overdrive, particularly in Western Europe, Markovits argues that this loathing has long been driven not by what America does, but by what it is. Focusing on seven Western European countries big and small, he shows how antipathies toward things American embrace aspects of everyday life--such as sports, language, work, education, media, health, and law--that remain far from the purview of the Bush administration's policies. Aggravating Europeans' antipathies toward America is their alleged helplessness in the face of an Americanization that they view as inexorably befalling them. More troubling, Markovits argues, is that this anti-Americanism has cultivated a new strain of anti-Semitism. Above all, he shows that while Europeans are far apart in terms of their everyday lives and shared experiences, their not being American provides them with a powerful common identity--one that elites have already begun to harness in their quest to construct a unified Europe to rival America.

Explores one of the biggest questions of historical debate: how among Eurasia's interconnected centers of power, it was Europe that came to dominate much of the world.

Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.