The Rotten Heart of Europe: Dirty War for Europe's Money and over one million other books are available for Amazon Kindle. Learn more
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

Rotten Heart of Europe: The Dirty War for Europe's Money Paperback – November 1, 1997


See all 5 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Paperback, November 1, 1997
$117.86 $0.01
--This text refers to an out of print or unavailable edition of this title.

How Business Works by Alexandra Black
How Business Works by Alexandra Black
Check out the newest book by Alexandra Black. Learn more

Editorial Reviews

About the Author

Bernard Connolly, born in Manchester in 1949. He worked for many years in the European Commission, becoming head of the unit responsible for analysis of the European Monetary System. The Wall Street Journal Europe named him as one of its outstanding Europeans of the year, 1995. Mark Carney, governor of the Bank of Canada, identified him as one of only a handful of economists to have accurately predicted the crisis. Derek Scott, economic adviser to Tony Blair, said of him that he understood the macroeconomic issues facing the world "better than any economist on the planet". As CEO of Connolly Insight, LP, Bernard Connolly now lives in New York. --This text refers to an out of print or unavailable edition of this title.
NO_CONTENT_IN_FEATURE

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Paperback: 432 pages
  • Publisher: Faber & Faber (November 1, 1997)
  • Language: English
  • ISBN-10: 057117521X
  • ISBN-13: 978-0571175215
  • Product Dimensions: 7 x 2 x 10 inches
  • Shipping Weight: 1.1 pounds
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (20 customer reviews)
  • Amazon Best Sellers Rank: #1,934,861 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

4.8 out of 5 stars
Share your thoughts with other customers

Most Helpful Customer Reviews

35 of 35 people found the following review helpful By William Podmore on May 15, 2001
Format: Hardcover
Review of The Rotten Heart of Europe: the dirty war for Europe's money, by Bernard Connolly, Faber & Faber, 1995, £17.50.
THIS BRILLIANT book is a devastating exposure of the pretensions of those who want to rule Europe. It shows that the attempts to achieve monetary and economic union, and consequently political union, are bad for us. They will not bring monetary stability, economic growth or political harmony. Instead they will destabilise currencies, reduce growth and promote hatred between the nations of Europe.
Economic and Monetary Union (EMU) is supposed to build on the experience of the Exchange Rate Mechanism (ERM). Britain's membership of the ERM forced us into a disastrous and quite unnecessary recession. After two years of suffering, Major said in July 1992 that Britain would soon be the leader of the ERM. Two months later, we were well out of it, and ERM had bermbed, as Jacques Clouseau, Major's mentor, would say.
ERM constrained British Government policy on non-monetary matters too. The Government appeased Spain over the fishing dispute to keep Spain happy about the sterling/peseta rate. So the Common Fisheries Policy, so damaging to Britain's fishing industry, is not an isolated EU aberration: it stems from the whole logic of economic and monetary union.
The ERM was described as the Eternal Recession Mechanism; EMU is likely to be Even More Useless. The ERM kept the poor countries poor; it did not help them to converge; it certainly did not help them to meet the Maastricht criteria. Spain's experience of ERM was catastrophic: 22% unemployed. The ERM forced Denmark into recession: unemployment doubled to 12%, the budget was slashed, and investment, output and wages all fell. In the ERM, Ireland's unemployment soared from 11% to 23%.
Read more ›
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
29 of 30 people found the following review helpful By tagood@bgnet.bgsu.edu; Todd Alan Good on May 12, 1998
Format: Paperback
Bernard Connelly has written the consummate "expose" on the Maastricht treaty and the process of European monetary integration. Connelly, a former member of the European Commission, blows the lid off the Maastricht treaty and the intransigence of Jaques Delors and the Kohl-Mitterand relationship, which led to the European Monetary Union (EMU) provisions in Maastricht. This is at heart story of the politics of monetary policy, especially the failed Exchange Rate Mechanism (ERM), with three primary themes: the primacy of politics in determining monteray policy, the role of "vision" and "ideology" in determining policy, and the comedy of errors which was the ERM. One should not let the economics of this book prevent them from reading it. At heart, this is a great story and has the intrigue of the best historical novel. Connelly has written a factual tale containing a heroine (Baroness Thatcher), villians (Delors, Kohl, Trichet, Mitterand, Tietmeyer), and Alphandery, the innocent whistle-blower who brings the ERM crashing down. Connelly provides any reader interested in knowing about the lunacy of European monetary integration just why this idea is flawed, and provides economic evidence to defend his primary arguments. Among the more important and convincing conclusions reached in this work are: the necessity of flexible exchange rates, the inherent negatives of Europhilism (and especially Franco-philism, since "Europe" is seen as way to prevent the rise of "Anglo-Saxon" institutions), and the belief in free, competitive markets. A final comment one feels obligated to make about this book is its timeliness, and his villification of France, which is supported by following the recent row over the control of the European Central Bank. If one wants to read one book on why the EMU was really founded, and why it won't work-this is the book.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
11 of 13 people found the following review helpful By "rick_7" on October 23, 2000
Format: Paperback
Bernard Connolly was fired by the European bureaucrats after this book came out. If you read this book you will understand why. This book has all the detail you could ask for. It is an incredible expose of the events leding up to European Monetary Union.
If you support the European Community, reading this book will change your mind -- if you dare read it.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
10 of 12 people found the following review helpful By A Customer on March 21, 1999
Format: Paperback
Excellent work. The reality at the core of all the pomp-and-circumstance surrounding EMU. Read it and be wiser.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
5 of 7 people found the following review helpful By C. Jack on January 6, 2007
Format: Paperback Verified Purchase
If you wanted to know really what is going on in the EC, this is the book to read. It will give you insights into the political systems, which influences the monetary system, trading and the agenda they are following. Not to mention their bullying of countries to get their way.

When was the last time in a civilized, DEMOCRATIC society have we seen free speech outlawed? How about now. Now in the EU it is against the lau to express you opinion, your criticism, of what the political beast is doing. That means you cannot speak out against wrong doings of institutions and political figures.

That ruling alone did away with British common Law and over 50 years of european civil liberties. Where will it end? A totalitarian regime?

Some say THAT is just around the corner.

The author of this book got into HOT water for writing it. I hope this is not something that will foreshadow this type of activity happening here.

This book is a wake up call. If it is happening in the EU, what kind of ramifications will fall on us?

I have bought this as a present for friends interested in monetary policy and international affairs. I shudder to think of the impact the EU will have with a weakened US international policy. I can only envision them as growing threat to us economically and shudder to think of how a potentially fascist EU.

Buy this book.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Most Recent Customer Reviews


What Other Items Do Customers Buy After Viewing This Item?