Bust : Greece, the Euro, and the sovereign debt crisis
Author(s)
Bibliographic Information
Bust : Greece, the Euro, and the sovereign debt crisis
Bloomberg Press, c2011
- : cloth
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis which duly struck. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, Bloomberg columnist Matthew Lynn explores Greece's spectacular rise and fall from grace and the global repercussions of its financial disaster. Page by page, he provides a thrilling account of the Greek financial crisis, drawing out its origins, how it escalated, and its implications for a fragile global economy. Along the way, Lynn looks at how the Greek contagion has spread like wildfire throughout Europe and explores how government ineptitude as well as financial speculators compounded the problem. Blending financial history, politics, and current affairs, Lynn skillfully tells the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees.
Lively, engaging, and thought provoking, Bust reminds us just how interconnected the world really is.
Table of Contents
Introduction: May Day in Athens. Chapter 1 Now We Are Ten. Chapter 2 How to Blag Your Way into a Single Currency. Chapter 3 At Club Med the Party Never Ends. Chapter 4 The Story of the Swabian Housewife. Chapter 5 Fixing a Debt Crisis with Debt. Chapter 6 Burying Your Head in the Greek Sand. Chapter 7 The Debts Fall Due. Chapter 8 The Trillion-Dollar Weekend. Chapter 9 Contagion. Chapter 10 The Debt-Deflation Death Spiral. Chapter 11 How to Break Up a Single Currency. Chapter 12 The Global Economy after the Single Currency. Notes. Acknowledgments. About the Author. Index.
by "Nielsen BookData"