welcome to the poisoned chalice the destruction of greece and the future of europe

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Welcome To The Poisoned Chalice

Author : James K. Galbraith
ISBN : 9780300224221
Genre : History
File Size : 66. 58 MB
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The economic crisis in Greece is a potential international disaster and one of the most extraordinary monetary and political dramas of our time. The financial woes of this relatively small European nation threaten the long-term viability of the Euro while exposing the flaws in the ideal of continental unity. "Solutions" proposed by Europe’s combined leadership have sparked a war of prideful words and stubborn one-upmanship, and they are certain to fail, according to renowned economist James K. Galbraith, because they are designed for failure. It is this hypocrisy that prompted former finance minister Yanis Varoufakis, when Galbraith arrived in Athens as an adviser, to greet him with the words “Welcome to the poisoned chalice.” In this fascinating, insightful, and thought-provoking collection of essays—which includes letters and private memos to both American and Greek officials, as well as other previously unpublished material—Galbraith examines the crisis, its causes, its course, and its meaning, as well as the viability of the austerity program imposed on the Greek citizenry. It is a trenchant, deeply felt commentary on what the author calls “economic policy as moral abomination,” and an eye-opening analysis of a contemporary Greek tragedy much greater than the tiny economy of the nation itself.

Slippery Slope

Author : Giles Merritt
ISBN : 9780198757863
Genre : Political Science
File Size : 39. 67 MB
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Slippery Slope is far from the usual run of uncritical EU-related studies. Its aim is to set alarm bells ringing across Europe with its revealing insights into our increasingly troubled future. Giles Merritt argues that the steepness and suddenness of Europe's decline in the 'Asian century' will depend on the actions we Europeans undertake. And there are two key lessons that we need to face from the beginning. Firstly, the 'good times' aren't coming backwithout a massive effort on our part. And secondly, in a fast-developing world of 9-10 billion people, no single European country can survive and prosper on its own.Merritt sets out tosort fact from fiction in his analysis of Europe's weaknesses, and the policies needed to address them. Placing the outlook for Europe in its global context, he assesses Europe's decline in relative as well as absolute terms, and puts forward an ambitious but realistic 'to do' list for Europe's policymakers if our comparatively privileged life styles are not to be seriously threatened in the coming years.

The End Of Normal

Author : James K. Galbraith
ISBN : 9781451644944
Genre : Business & Economics
File Size : 30. 39 MB
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From one of the most respected economic thinkers and writers of our time, a brilliant argument about the history and future of economic growth. The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe—and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000—interrupted only by the troubled 1970s—represented a normal performance. From this perspective, the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected. The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that—despite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment. In The End of Normal, “Galbraith puts his pessimism into an engaging, plausible frame. His contentions deserve the attention of all economists and serious financial minds across the political spectrum” (Publishers Weekly, starred review).

The Euro

Author : Joseph E. Stiglitz
ISBN : 0393354105
Genre : Business & Economics
File Size : 88. 81 MB
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The Nobel Prize winning economist and best-selling author explains why saving Europe may mean abandoning the euro."

And The Weak Suffer What They Must

Author : Yanis Varoufakis
ISBN : 1847924042
Genre :
File Size : 80. 14 MB
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Crisis In The Eurozone

Author : Costas Lapavitsas
ISBN : 9781781680414
Genre : Political Science
File Size : 86. 68 MB
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First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.

Europe Isn T Working

Author : Larry Elliott
ISBN : 9780300224238
Genre : History
File Size : 59. 89 MB
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Europe's center-left is rapidly falling out of love with the European single currency. Fifteen years after its creation, British journalists Larry Elliott and Dan Atkinson assess its performance to show why. Looking at a range of key indicators the authors show how the euro has failed to deliver on its promise of more jobs, more growth and greater equality. Instead it has undermined the European Union. Elliott and Atkinson compare the European Central Bank to the Federal Reserve, arguing that the architects of the euro subjugated economic measures to political considerations. Consequently, countries that didn’t meet the economic convergence criteria were still allowed entry. The end result is a dysfunctional currency union that is unable to cope with difficult economic circumstances. Assessing the situations in Greece, Germany, Italy, France, Ireland, and Iceland, as well as Britain, they show that the current policy of kicking the can down the road and hoping that something will turn up is proving increasingly unpopular with the currency's one-time fans in progressive politics. This engaging and accessibly written volume will be widely read by economists, pundits, and policymakers as Britian considers its future relationship with Europe.

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