Bookbot

Bust

Greece, the Euro and the Sovereign Debt Crisis

En savoir plus sur le livre

In 2001, Greece's Eurozone membership marked the beginning of unprecedented economic prosperity, leading to rampant spending and cheap borrowing without necessary financial reforms. This left the country vulnerable to a financial crisis, which eventually occurred. Matthew Lynn examines Greece's dramatic economic rise and fall, detailing the origins and escalation of its financial disaster and its broader implications for the global economy. He illustrates how the Greek crisis spread throughout Europe, exacerbated by government mismanagement and financial speculation. Blending financial history, politics, and current affairs, Lynn narrates how one nation's economic boom could destabilize an entire continent and threaten the global financial system. In a Q&A, Lynn discusses Greece's historical propensity for debt and how, by 2010, the markets were already wary of sovereign debt, marking a continuation of the credit crunch. He emphasizes that Greece was an easy target for illustrating the consequences of unending government deficits, a crisis that could have emerged elsewhere. The book also addresses the euro's fragility, as Greece's entry was marked by deceit and rule-breaking, leading to a loss of confidence in the currency. Lynn reflects on the complex interplay of historical, economic, and political factors that culminated in the crisis, suggesting that the euro's current form may not be sustainable, and that the implicatio

Achat du livre

Bust, Matthew Lynn

Langue
Année de publication
2010
product-detail.submit-box.info.binding
(rigide),
État du livre
Bon
Prix
7,49 €

Modes de paiement

Personne n'a encore évalué .Évaluer

Titre
Bust
Sous-titre
Greece, the Euro and the Sovereign Debt Crisis
Langue
Anglais
Publié
2010
Format
rigide
Pages
288
ISBN10
047097611X
ISBN13
9780470976111
Séries
Description
In 2001, Greece's Eurozone membership marked the beginning of unprecedented economic prosperity, leading to rampant spending and cheap borrowing without necessary financial reforms. This left the country vulnerable to a financial crisis, which eventually occurred. Matthew Lynn examines Greece's dramatic economic rise and fall, detailing the origins and escalation of its financial disaster and its broader implications for the global economy. He illustrates how the Greek crisis spread throughout Europe, exacerbated by government mismanagement and financial speculation. Blending financial history, politics, and current affairs, Lynn narrates how one nation's economic boom could destabilize an entire continent and threaten the global financial system. In a Q&A, Lynn discusses Greece's historical propensity for debt and how, by 2010, the markets were already wary of sovereign debt, marking a continuation of the credit crunch. He emphasizes that Greece was an easy target for illustrating the consequences of unending government deficits, a crisis that could have emerged elsewhere. The book also addresses the euro's fragility, as Greece's entry was marked by deceit and rule-breaking, leading to a loss of confidence in the currency. Lynn reflects on the complex interplay of historical, economic, and political factors that culminated in the crisis, suggesting that the euro's current form may not be sustainable, and that the implicatio