"This excellent book virtually compels a response from those who would substitute hope for facts in their defense of the Euro and its prospects."
Alan J. Auerbach, Professor of Economics and Law, University of California, Berkeley
‘Hans-Werner Sinn has emerged as the most prolific and profound economist in Germany, writing on the euro and indeed much else. This book is a tour de force.’
Jagdish N. Bhagwati, Professor of Economics, Law and International Affairs, Columbia University, and author of In Defense of Globalization
‘In his masterly analysis Hans-Werner Sinn unravels the tangled tale of the Euro crisis with remarkable patience, wisdom and clarity. His painstaking analysis makes it clear that the Eurosystem is unsustainable without major reforms, and his bold recommendations for how to carry out those reforms deserve to be taken seriously by everyone.’
Peter W. Howitt, Professor Emeritus of Social Sciences, Brown University
‘Hans-Werner Sinn once again brilliantly manages to explain complex interactions in easily understandable terms to deliver an important message.’
Otmar Issing, Professor of Economics, Money and International Economic Relations, University of Frankfurt, and former ECB Chief Economist
‘Sinn offers a sobering look back combined with a realistic list of options going forward. A ‘must-read’ for anyone who wants to know where Europe is headed and what it would take to save the euro.’
Anil K. Kashyap, Professor of Economics and Finance, University of Chicago
‘The Euro Trap is a brave and brilliant analysis of the quagmire that the Eurozone has fallen into. Hans-Werner Sinn’s lucid and lively description of the monetary transfers from north to south, and his proposed exit strategies, must be studied carefully by citizens and policymakers in Europe and around the world.’
William D. Nordhaus, Professor of Economics, Yale University
‘Hans-Werner Sinn has produced perhaps the most important scholarly book on the euro in at least a decade, one that should be read carefully by all sides of the debate. His aim is to provide balanced objective insights, not to offer polemic support or criticism. Sinn’s basic thesis is that only by making the euro system more transparent and more democratic can its potentially very bright future be ensured.’
Kenneth S. Rogoff, Professor of Economics and Public Policy, Harvard University
‘With his customary energy and directness, Hans-Werner Sinn in this important book rethinks the origins of the current dangerous weakness in the Eurozone, and considers possible repairs. Not everyone will agree with the remedies Sinn proposes, but then he forces them, if they are serious, to come up with genuine alternatives. Sinn is a heavyweight.’
Robert M. Solow, Professor Emeritus of Economics, Massachusetts Institute of Technology