The drama of the common currency is a hot topic. The Euro was planned
for the European Union's member states, bringing economically strong
nations like Germany and Holland and weaker nations like Greece, Spain
and Italy under one set of currency rules. A dozen years of its
implementation has shown that the planning was incomplete at best. Add
to this the weight of a deepening debt crisis among western nations,
which continues unabated, and Europe has a very deep financial hole to
climb out of. In this work, Dimitris N. Chorafas provides the reader
with evidence to poor political judgment, then delves into preparation
for the foreseeable Euro breakup and confronts the redenomination risk
associated to it.