868e3daa-bde3-43f5-b558-bcea30505198TrueNewShipEuropean-exchange-rateAmazonLargeBooksreviewrank228230571175201http://www.amazon.com/Rotten-Heart-Europe-Dirty-Europes/dp/0571175201%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0571175201483833Bernard ConnollyHardcover332.456609497805711752081500571175201Faber & FaberEnglishEnglishEnglish9752795USD$27.95Faber & Faber427Book1996-06Faber & FaberFaber & Faber1756509338USD$93.380200005.05105711752015002007-01-07

BRILLIANT! There's SO much good to be said about this book...

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. <br /> <br />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. <br /> <br />That ruling alone did away with British common Law and over 50 years of european civil liberties. Where will it end? A totalitarian regime? <br /> <br />Some say THAT is just around the corner. <br /> <br />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. <br /> <br />This book is a wake up call. If it is happening in the EU, what kind of ramifications will fall on us? <br /> <br />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. <br /> <br />Buy this book.05711752015552001-05-15

Superb demolition of the EU

Review of The Rotten Heart of Europe: the dirty war for Europe's money, by Bernard Connolly, Faber & Faber, 1995, £17.50.<p>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. <p>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. <p>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.<p>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%. ERM subordinated nations' economic interests to minorities' foreign policy goals: ruling class interests dominated working class interests. Some still claim that ERM and EMU could control capital, but actually they were and are attacks on the working class.<p>A 1992 report by the Monetary Committee, which advises the EU's Council of Ministers, admitted that ERM did not stabilise prices or money and did not reduce inflation. Perhaps it was after all just a tool for moving countries towards political union. <p> The book also depicts the present dangerous struggle between the French and German ruling classes for control over the proposed institutions of a single European state. Germany is determined to keep the Deutschmark and the Bundesbank: it wants EMU so that it can assimilate other countries into an expanded Deutschmark zone. France wants a new currency and wants to get its hands on the Bundesbank; it pushed for the Maastricht Treaty, which would destroy the Deutschmark. Who would control Europe's currency? Who would control the proposed new European Central Bank? Germany or France?<p>As Wilhelm Nolling, a Bundesbank Council member, said: "We should be under no illusion - the present controversy over the new European monetary order is about power, influence and the pursuit of national interests." <p>They are already fighting about the 1996 InterGovernmental Conference. Germany wants the economic criteria for EMU met as soon as possible: it insists that economic convergence must precede monetary union. France wants the earliest possible date for monetary union, believing that monetary union would produce economic convergence. Both are wrong of course: convergence cannot and will not be achieved, either way. <p>EMU's implications are universally unpopular. The workers of France, Italy and Belgium are striking against the EU's schemes. The Austrian Government fell in October, unable to pass the EU-required budget. <p>We can see both from ERM's effects, and from the effects of the attempted imposition of the Maastricht criteria, how damaging membership of EMU would be. It would cause, as intended, a permanent lowering of wages, a permanently higher level of unemployment, and massive cuts in public spending.<p>Connolly sums up: "My central thesis is that the ERM and EMU are not only inefficient but also undemocratic: a danger not only to our wealth but to our freedoms and ultimately, our peace. The villains of the story - some more culpable than others - are bureaucrats and self-aggrandizing politicians. The ERM is a mechanism for subordinating the economic welfare, democratic rights and national freedom of citizens of the European countries to the will of political and bureaucratic elites whose power-lust, cynicism and delusions underlie the actions of the vast majority of those who now strive to create a European superstate. The ERM has been their chosen instrument, and they have used it cleverly."05711752015242000-10-23

Overwhelming

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. <p>If you support the European Community, reading this book will change your mind -- if you dare read it.05711752015231999-03-22

Excellent

Excellent work. The reality at the core of all the pomp-and-circumstance surrounding EMU. Read it and be wiser.0571175201510111998-05-12

the best work written on the process of monetary integration

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.0262633671047028758606911213540674025237047015263X2594International2581Economics3Business & Investing1000Subjects283155Books2598Money & Monetary Policy2581Economics3Business & Investing1000Subjects283155Books713051011General AAS2581Economics3Business & Investing1000Subjects283155Books2592General355577011Popular Economics3Business & Investing1000Subjects283155Books713066011General AAS355577011Popular Economics3Business & Investing1000Subjects283155Books2612General3Business & Investing1000Subjects283155Books713049011General AAS3Business & Investing1000Subjects283155Books4953General4935Europe9History1000Subjects283155Books713308011General AAS4935Europe9History1000Subjects283155Books394181011Hardcover394174011Binding (binding)388186011Refinements283155Books618083011Printed Books618072011Format (feature_browse-bin)388186011Refinements283155BooksB0006QJJKKhttp://www.amazon.com/Additional-evidence-interest-linkages-working/dp/B0006QJJKK%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB0006QJJKKAlicia García-HerreroUnknown BindingInternational Monetary Fund, Monetary and Exchange Affairs DeptEnglishEnglishInternational Monetary Fund, Monetary and Exchange Affairs Dept11Book1996International Monetary Fund, Monetary and Exchange Affairs DeptInternational Monetary Fund, Monetary and Exchange Affairs Dept0000002611Interest2604Finance3Business & Investing1000Subjects283155Books1589063503http://www.amazon.com/Adopting-Euro-Central-Europe-Integration/dp/1589063503%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D15890635033353374http://ecx.images-amazon.com/images/I/419d%2BycH7jL._SL75_.jpg7557http://ecx.images-amazon.com/images/I/419d%2BycH7jL._SL160_.jpg160122http://ecx.images-amazon.com/images/I/419d%2BycH7jL.jpg500380PaperbackSusan Schadler332.494094379781589063501391589063503International Monetary FundEnglishEnglishEnglish10872500USD$25.00International Monetary Fund1135Book2005-04-30International Monetary FundInternational Monetary Fund115850599USD$5.99575USD$5.75350011ATVPDKIKX0DERhttp://www.amazon.com/gp/help/seller/home.html?seller=ATVPDKIKX0DERNewnew1c0i8rAgQ9m7s56UoxdYpOi4IuaPjT%2BhZEF1B%2FWeBTyFLXT%2FEuSnv%2BaIZm7fhVtqaz3vmucdySOJxdYRnH9cfgWsTEYxMNPN2500USD$25.00Usually ships in 2 to 4 weeksUpon entry into the European Union (EU), countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency. This paper examines likely economic developments and policy challenges for the five former transition countries in central Europe (the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia) which joined the EU in May 2004. These economies operate independent monetary policies but have not yet achieved policy convergence with the rest of the euro area.2598Money & Monetary Policy2581Economics3Business & Investing1000Subjects283155Books713051011General AAS2581Economics3Business & Investing1000Subjects283155Books2737General2732Reference3Business & Investing1000Subjects283155Books713068011General AAS2732Reference3Business & Investing1000Subjects283155Books2592General355577011Popular Economics3Business & Investing1000Subjects283155Books713066011General AAS355577011Popular Economics3Business & Investing1000Subjects283155Books2612General3Business & Investing1000Subjects283155Books713049011General AAS3Business & Investing1000Subjects283155Books408268General21Reference1000Subjects283155Books713587011General AAS21Reference1000Subjects283155Books400272011Paperback394184011Mass Market401237011Trade394174011Binding (binding)388186011Refinements283155Books618083011Printed Books618072011Format (feature_browse-bin)388186011Refinements283155BooksB0007B6HR2http://www.amazon.com/agenda-London-economic-summit-international/dp/B0007B6HR2%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB0007B6HR2Niels ThygesenUnknown BindingCentre for European Policy StudiesEnglishEnglishCentre for European Policy Studies35Book1984Centre for European Policy StudiesCentre for European Policy Studies0000002594International2581Economics3Business & Investing1000Subjects283155Books2609Foreign Exchange2604Finance3Business & Investing1000Subjects283155BooksB0006QFXBYhttp://www.amazon.com/Arbitrage-based-tests-target-zone-credibility/dp/B0006QFXBY%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB0006QFXBYJosé CampaUnknown BindingColumbia Business School, Columbia UniversityEnglishEnglishColumbia Business School, Columbia University37Book1995Columbia Business School, Columbia UniversityColumbia Business School, Columbia University0000002609Foreign Exchange2604Finance3Business & Investing1000Subjects283155Books1863421831http://www.amazon.com/European-Community-members-suited-exchange/dp/1863421831%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D1863421831Julie McKayPaperback9781863421836Import1863421831School of Economics and Finance, Curtin Business School, Curtin University of TechnologySchool of Economics and Finance, Curtin Business School, Curtin University of TechnologyBook1993School of Economics and Finance, Curtin Business School, Curtin University of TechnologySchool of Economics and Finance, Curtin Business School, Curtin University of Technology1110000001000Subjects1Arts & Photography2Biographies & Memoirs3Business & Investing4Children's Books4366Comics & Graphic Novels5Computers & Internet6Cooking, Food & Wine86Entertainment301889Gay & Lesbian10Health, Mind & Body9History48Home & Garden10777Law17Literature & Fiction13996Medicine18Mystery & Thrillers53Nonfiction290060Outdoors & Nature20Parenting & Families173507Professional & Technical21Reference22Religion & Spirituality23Romance75Science25Science Fiction & Fantasy26Sports28Teens27Travel283155Books400272011Paperback394184011Mass Market401237011Trade394174011Binding (binding)388186011Refinements283155Books618083011Printed Books618072011Format (feature_browse-bin)388186011Refinements283155Books0312174799http://www.amazon.com/Aspects-European-Monetary-Integration-Convergence/dp/0312174799%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D03121747997055038http://ecx.images-amazon.com/images/I/41D2GR43EZL._SL75_.jpg7549http://ecx.images-amazon.com/images/I/41D2GR43EZL._SL160_.jpg160104http://ecx.images-amazon.com/images/I/41D2GR43EZL.jpg475309Alison M. S. WatsonHardcover332.45660949780312174798940312174799Palgrave MacmillanEnglishEnglishEnglish8829000USD$90.00Palgrave Macmillan1243Book1997-12-15Palgrave MacmillanPalgrave Macmillan995758650USD$86.50285USD$2.85140000<div>This book provides a thorough knowledge of the nature of the convergence criteria which states must meet in order to qualify for accession to the future Economic and Monetary Union of Europe and comprehensive coverage of both the economic and political rationale of the criteria within the framework of an international political economy approach. Thus, throughout the course of the analysis, three questions in particular are addressed: first, what is the relationship between the economics and politics of the convergence criteria; second, how do domestic and international factors impact upon their future realisation; and third what, overall, is the role of the state. This book gives valuable insights into the Economic and Monetary Union debate.<br></div>2588Economic Policy & Development2581Economics3Business & Investing1000Subjects283155Books2594International2581Economics3Business & Investing1000Subjects283155Books2598Money & Monetary Policy2581Economics3Business & Investing1000Subjects283155Books2599Public Finance2581Economics3Business & Investing1000Subjects283155Books2609Foreign Exchange2604Finance3Business & Investing1000Subjects283155Books713049011General AAS3Business & Investing1000Subjects283155Books4953General4935Europe9History1000Subjects283155Books713308011General AAS4935Europe9History1000Subjects283155Books11083General11079Politics53Nonfiction1000Subjects283155Books713490011General AAS11079Politics53Nonfiction1000Subjects283155Books394181011Hardcover394174011Binding (binding)388186011Refinements283155Books618083011Printed Books618072011Format (feature_browse-bin)388186011Refinements283155BooksB0006QNG6Ihttp://www.amazon.com/monetary-transmission-mechanism-exchange-targeting/dp/B0006QNG6I%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB0006QNG6IJoaquim Vieira Ferreira LevyUnknown BindingInternational Monetary Fund, European I DeptEnglishEnglishInternational Monetary Fund, European I Dept30Book1997International Monetary Fund, European I DeptInternational Monetary Fund, European I Dept0000002598Money & Monetary Policy2581Economics3Business & Investing1000Subjects283155Books2611Interest2604Finance3Business & Investing1000Subjects283155Books2612General3Business & Investing1000Subjects283155Books713049011General AAS3Business & Investing1000Subjects283155BooksB0006ORIU0http://www.amazon.com/Attitudes-towards-inflation-viability-exchange/dp/B0006ORIU0%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB0006ORIU0Susan Margaret CollinsUnknown BindingNational Bureau of Economic ResearchEnglishEnglishNational Bureau of Economic Research35Book1992National Bureau of Economic ResearchNational Bureau of Economic Research0000002593Inflation2581Economics3Business & Investing1000Subjects283155BooksB000F3UB2Ehttp://www.amazon.com/Benefits-costs-entering-eurozone-Journal/dp/B000F3UB2E%3FSubscriptionId%3D05ERXYTS89KFGEPQR5G2%26tag%3Dthebookrevi0b-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB000F3UB2EGeorge S. TavlasDigitalHTMLThomson GaleEnglish595USD$5.95Thomson GaleBook2004-03-22Thomson Gale2006-03-21Thomson Gale595USD$5.95100011ATVPDKIKX0DERhttp://www.amazon.com/gp/help/seller/home.html?seller=ATVPDKIKX0DERNewnewj3YXbg4aVtYt4a2lZSIeaHAb6jsh5%2FrgAEyf4FURHGMewPlxUK44j%2FKh2rjrNuUS6FDxfTGNRBOd6kLgO7uM3VmzSMiLi9A6595USD$5.95Available for download nowThis digital document is an article from The Cato Journal, published by Thomson Gale on March 22, 2004. The length of the article is 7274 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.<BR><BR><strong>Citation Details</strong><br><strong>Title:</strong> Benefits and costs of entering the eurozone.<br><strong>Author:</strong> George S. Tavlas<br><strong>Publication:</strong> <em>The Cato Journal</em> (Magazine/Journal)<br><strong>Date:</strong> March 22, 2004<br><strong>Publisher:</strong> Thomson Gale<br><strong>Volume:</strong> 24 <strong>Issue:</strong> 1-2 <strong>Page:</strong> 89(18)<BR><BR>Distributed by Thomson Gale1043856Natural Resources2581Economics3Business & Investing1000Subjects283155Books699209011HTML618072011Format (feature_browse-bin)388186011Refinements283155Books