Bernard Connolly Bücher

The book demolishes standard macroeconomic theory and shows how central banks' blinkered obeisance to that theory has, by making bubbles, crises, recessions and, latterly, inflation inevitable, undermined the pillars of a capitalist society.

Aiming to destroy illusions about what lies at the heart of Europe, this book provides answers to questions about European monetary union. The author, who is head of the Commission unit responsible for monitoring and servicing the ERM, offers a portrait of the motives of many Euro-propagandists. The book addresses topics such as the real motives underlying the Franco-German determination to suck European countries into the monetary union, why the French and Germans are applying intense pressure to recreate an exchange-rate agreement despite the political conflict and economic disarray that its earlier incarnation caused, and how so determined a leader as Margaret Thatcher could find herself forced into submission on the ERM.

Written by a Brussels insider, and a senior EU economist, this title deals with the likely pitfalls of European monetary union.