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The Rotten Heart of Europe - Updated Edition

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'The Brussels Commission has just suspended its senior economist, Bernard Connolly, for writing a book savaging the prospects for a common currency. There are many who now believe he should be lauded as a prophet.' Observer, Editorial, 1 October 1995

'Mr. Connolly's longstanding proposition that the foisting of a common currency upon so many disparate nations would end in ruin is getting a much wider hearing...' New York Times, 17 November 2011

When first published in 1995, The Rotten Heart of Europe caused outrage and delight - here was a Brussels insider, a senior EU economist, daring to talk openly about the likely pitfalls of European monetary union.

Bernard Connolly lost his job at the Commission, but his book was greeted as a profound and persuasive expose of the would-be 'monetary masters of the world.' His brave act of defiance became headline news - and his book a major international bestseller.

In a substantial new introduction, Connolly returns to his prophetic account of the double-talk surrounding the efforts of politicians, bankers and bureaucrats to force Europe into a crippling monetary straitjacket. Hidden agendas are laid bare, skulduggery exposed and economic fallacies are skewered, producing a horrifying conclusion. No one who wants to understand the workings of the EU, past, present and future can afford to miss this enthralling and deeply disturbing book.

Author: Connolly Bernard
Publisher: FABER AND FABER
Pages: 426
ISBN: 9780571301744
Cover: Paperback
Edition Number: 1
Release Year: 2012

Bernard Connolly is a British economist noted for his pessimistic analysis of the euro.Connolly worked in the Industrial Trends and Forecasting Unit of the Confederation of British Industry.Before joining AIG Connolly had spent a number of years working with the European Commission in Brussels, where he was head of the unit responsible for the European Monetary System and monetary policies. While at the Commission Connolly was a Member of the Monetary Policy and Foreign Exchange Policy sub-committees of the Committee of Central bank Governors and was on the OECD Group of High-Level Monetary Experts.After writing The Rotten Heart of Europe: The Dirty War for Europe's Money, a negative treatment of the European Exchange Rate Mechanism, he was terminated in 1995 from his employment at the European Commission. An appeal of his dismissal to the European Court of Justice was unsuccessful.

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