The great achievement of the EU has been to reduce the probability of violent nationalist conflict among some of its members to a vanishing small probability while improving the economic
lot of its members. However, most of this reduction in the propensity toward violence and economic growth took place before the adoption of the Euro. So, what were the fatal design
flaws in the Euro that lead to the implosion?
The book is a look at what has happened over the past year and what will continue to occur with the PIIGS (Portugal, Italy, Ireland, Greece, and Spain) nations. The book offers a
look at what the authors predicted before the current crisis and offers a prescriptive policy for the world governments and concludes with a look ahead, along with portfolio
recommendations for investors.
