Euro Crash is a unique analysis of the European Monetary Union, arguing that it was not sub-optimal currency areas or profligate government spending but instead fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank that lead to the current and ongoing Eurozone crisis.
Brendan Brown shows how the inflation-targeting regime established by the ECB right at the start, coupled with the reckless dismantling of the old Bundesbank's monetary framework, contributed decisively to the ensuing gross failures. Further factors in the fatal cocktail included long-term French monetary nationalism, empowered by a French President at the head of the ECB, and the succumbing of euro officials to the same deflation phobia which had gripped the Federal Reserve.
In exploring these themes, Dr. Brown draws on both traditional monetarist and Austrian School economic literature. He demonstrates that the European Sovereign Debt Crisis is in fact the bust phase of a credit bubble which to a critical extent was manufactured in Frankfurt's Euro Tower.欧元崩盘是对欧洲货币联盟（European Monetary Union）的独特分析，认为欧元区不是次优货币区，也不是挥霍政府开支，而是货币设计的致命缺陷，以及欧洲央行（ecb）一系列骇人听闻的政策失误，导致了当前和持续的欧元区危机。

布伦丹·布朗（Brendan Brown）展示了欧洲央行一开始就建立的通胀目标制，加上不计后果地拆除旧的德国央行货币框架，是如何对随后的严重失败做出决定性贡献的。这种致命鸡尾酒的进一步因素包括长期的法国货币民族主义（由欧洲央行行长任内的法国总统授权），以及欧元区官员屈服于困扰美联储的同样的通缩恐惧症。
在探讨这些主题时，布朗博士借鉴了传统货币主义和奥地利学派的经济文献。他表明，欧洲主权债务危机实际上是信贷泡沫的破灭阶段，而信贷泡沫在很大程度上是在法兰克福的欧元大厦制造的。