`By any standards the introduction and embedding of the Euro has been transformational, politically and economically. A decade after its creation Chris Mulhearn and Howard Vane have provided us with a comprehensive evaluation of its conception, birth, early development and future prospects. The book is balanced, dispassionate and written with admirable clarity. Readers will learn a lot from it and find themselves reflecting more clearly about the future of monetary policy in Europe. All in all an excellent volume." - David Greenaway, University of Nottingham, UK `This fine book provides a comprehensive overview of the development and design of the European Monetary Union, as well as an intriguing discussion of its prospects for future enlargement. A particularly compelling feature of the book is the set of fascinating interviews with some of the intellectual movers and shakers in the ongoing debate on EMU. This is an eminently accessible reference that should be required reading...