Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
Rotten Heart of Europe: The Dirty War for Europe's Money Paperback – November 1, 1997
Customers Who Bought This Item Also Bought
If you’re the author, publisher, or rights holder of this book, let ACX help you produce the audiobook.Learn more.
Top Customer Reviews
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 ›
If you support the European Community, reading this book will change your mind -- if you dare read it.
Anyway, this book essentially spans the mid 70's to mid 90's and describes the folly of Europe attempting to unify behind a common currency without a political union.
Well worth the read.
Until I happened to see Mr. Connolly being interviewed on a business-news channel recently, I had no interest in trying to learn anything about why Europe is in a mess. But, in just a few moments, his clear and simple answers to basic questions, plus his articulate discussion of the historical backdrop made me want to read his book.
Readability? I could not have imagined how so dry a subject could spring to life - even to a skeptic like myself!
If you are confused, ignorant, but CURIOUS about modern Europe - this is truly a "Must Read"!
Most Recent Customer Reviews
Connolly is great. hilarious and exact. Anyone who thins the Euro will stick together MUST disprove his arguments. No one argues better than him. And he is better in person.Published 11 months ago by Paul Schulte
If confusing an issue with facts, stating the obvious and having to accept a real "reality" is too much to contemplate while contemplating the EU's tobogganing down an... Read morePublished on September 14, 2013 by Jack Bacchus
In their attempts to build a wall of protection against competition, they have built a wall that locks them into a medieval economy. I thank the author for explaining this to me. Read morePublished on June 18, 2013 by Evelyn Hartman
Excellent! Tells it as it is living in a Corner of The European Union Today. A Monetary System which has created a Series of Bankrupt Banks in Weaker Peripheral Countries leaving... Read morePublished on May 31, 2013 by Peter Pipesmoker
Bernard Connolly was spot-on about the EU from a high perch at its inception. Today's headlines bear out his prescience.Published on May 29, 2013 by Michael G. McDonald
simply the best book for anyone who truly wants to understand how our leaders are eroding our democracy and why they are spiralling europe into a federal state-be warnedPublished on April 17, 2013 by wayneportland
Bernard Connally has suffered the Slings and Arrows since the original publication in '95 and yet has been right as rain. the '12 intro is priceless.Published on April 1, 2013 by matthew miller
a revealing of the bullying nature of the "haves" vs. the " have nots! chillingly timely- the mindsets of Northern European to Southern European, and how cultural upbringing... Read morePublished on March 29, 2013 by Kindle Customer