The euro has been the worst governmental mistake since deflationary policy turned the 1929 crisis into a decade of depression. The book explains why European politicians and businessmen decided to circumvent democratic consent in order to lock their societies into a single European super-state and reap the advantages of monetary cartelization, pushing the Great Contraction towards a new Great Depression in Europe. It also shows that exit from the euro is indeed possible and how to minimize its ineluctable cost.