Greece's 'Odious' Debt: The Looting Of The Hellenic Republic By The Euro, The Political Elite And The Investment Community (Anthem Finance) - Brossura

Manolopoulos, Jason

Brossura

ISBN 10: 0857287710 ISBN 13: 9780857287717

Casa editrice: Anthem Press, 2011

Riassunto

Jason Manolopoulos combines his experience of the global financial system, European politics and Greek society to demonstrate how one of the Eu's smaller countries played a catalytic role in a crisis that threatens the future of the euro, and possibly even of the European Union itself. He explores the historical legacy and psychological biases that have shaped an on-going drama. While leaders of the European Union criticise ‘the markets’ for destabilizing the single currency, Manolopoulos interrogates the shared beliefs of the Eu and the investment banking community – and how they colluded for a decade in the illusion that lending huge sums to peripheral eurozone countries was safe. Policy and investment errors bear marked similarities with earlier financial crises – in particular the Exchange Rate Mechanism system and the Argentine debt crisis. This inability to learn history’s recent lessons begs fundamental questions of policy making, which this book discusses. Greek society also comes under scrutiny, as shocking details of a kleptocratic political class and a wasteful public sector are revealed. Manolopoulos traces these developments back to dictatorship and civil war, but argues that there is no excuse for their continuation in a modern democracy.

Su questo libro

Recensione:

'The graphic portrait of a deeply troubled country and the shocking story of the failure of past and present economic experts to grasp the nature of the problems.' —Thomas Mayer, Chief Economist, Deutsche Bank

'A fascinating account of the crisis-ridden saga of Greece and a wider European economy prompted by the superficial nature of Europe’s political process, its institutions, and the impunity of its leaders. Psychologically insightful and gritty in his practical recommendations, Manolopoulos possesses a knack for chiselled and punchy prose – all of which make the read a pleasurable must.' —Guerman Aliev, CEO of Altpoint Capital Partners

'Incisive and engaging, this book provides a unique perspective on the Greek crisis by combining a thoughtful analysis of Greek society and economy with one of politics at the EU level and of global financial markets.' —Dr Dimitri Vayanos, Professor of Finance and Director of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality, London School of Economics

'Manolopoulos brings the Greek debt crisis into historical perspective, providing an insightful analysis of what went wrong. This book is essential reading for everybody who wants to understand the challenges the Eurozone is facing.' —Michael Ganske, Head of Emerging Markets Research, Commerzbank

'Through a critical but accessible discussion of key conventions in economics and finance and ample presentation of anecdotal material, this book offers a unique introspective look into Greek socio-political culture and how this, combined with the fallacies and excesses of the international financial system and the EMU architecture, led to what the author calls ‘Greece’s Odious Debt’.' —Dr Vassilis Monastiriotis, Hellenic Observatory, European Institute, London School of Economics

Descrizione del libro:

Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union.

Su questa edizione

• Editore: Anthem Press
• Data di pubblicazione: 2011
• ISBN 10: 0857287710
• ISBN 13: 9780857287717
• Rilegatura: Copertina flessibile
• Numero edizione: 1
• Numero di pagine: 304