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markk

markk

Currently reading

The Sinews of Habsburg Power: Lower Austria in a Fiscal-Military State 1650-1820
William D. Godsey Jr.
Progress: 69/448 pages
Pandora’s Box A History of the First World War
Jörn Leonhard, Patrick Camiller
Progress: 346/1104 pages
The Pursuit of Power: Europe 1815-1914
Richard J. Evans
Progress: 219/928 pages

Reading progress update: I've read 672 out of 672 pages.

EuroTragedy A Drama in Nine Acts - Ashoka Mody

I will admit, this is a book that wore down my skepticism. In essence Mody's argument is that the single European currency was corrupted from the start by nationalism: by France's insistence on it as a way of shoring up their declining economic status, by Germany's unwillingness to accept the concomitant fiscal structure necessary to make a single currency function succeed across such diverse national economies, and by the insistence of smaller nations on joining the euro out of pride and a desire to belong. But his book is polemical AF; he has the economist's arrogance about politics in spades, and he underrates the consequences of rolling back the euro now.