Updated Translation Edition
The Euro Crisis and Its Aftermath
Jean Pisani-Ferry
Reviews and Awards
"I bet this book will be the source to go to on the euro crisis. That is to say, on the euro crisis until now. If policy makers have the wisdom, they will follow Pisani-Ferry's advice on policies going forward, and Europe will heal. If not, another book on the subject will have to be written." --Olivier Blanchard, Massachusetts Institute of Technology and Director of Research, International Monetary Fund
"Jean Pisani-Ferry has been an active contributor for several years to the debate on the euro area crisis. He has provided invaluable insight to those who were on the frontline of EMU's reform and had to act within political constraints. Displaying a rare mix of economic and political analysis and deep institutional understanding, Jean Pisani-Ferry's book provides a benchmark against which to judge the current and forthcoming reforms that will shape Europe's integration for years to come." --Marco Buti, Director-General for Economic and Financial Affairs, European Commission
"This is a brilliant book about the euro. It surprises with its refreshing mixing of history, politics, and economics. That is indeed the mix we need to understand why the euro was created and why it got into so much trouble, as well as how to repair the euro so as to safeguard its future." --Paul De Grauwe, London School of Economics and Political Science
"This is an excellent, well-balanced, and beautifully-written book on the euro-crisis, its causes, its on-going developments, and its possible cures. Though told simply and clearly, it has a sympathetic and sophisticated understanding of all the finer and more technical details. Required reading." --Charles Goodhart, Professor Emeritus, London School of Economics
"There is no one better than Jean Pisani-Ferry to tell the story of how a financial crisis emanating from the United Stated led the euro zone, virtually overnight, into a financial and economic crisis that continues to threaten its existence. This is a highly readable and clearheaded account of not just went wrong, but also of what must be done to save the European project." --Dani Rodrik, Professor, Institute for Advanced Study, Princeton
"No global financial issue is more pressing than the future of EMU. If you are going to read only one book about it, read this one. Jean Pisani-Ferry accomplishes something rare in this important book. He is wise and balanced while simultaneously being sharp and incisive. This is must-reading for anyone who cares about Europe s future." --Larry Summers, former President, Harvard University and former Secretary of the U.S. Treasury
"It is succinct and clear enough to serve as the best available guide to the euro mess for non-European, non-economists." --David Wessel, The Wall Street Journal