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Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union.
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
Jason Manolopoulos lends a unique perspective, based on experience of the global financial system, emerging markets and crises, 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 digs beneath the headline economic data to explore the historical legacy and psychological biases that have shaped an on-going political drama, in a book that has profound implications for our understanding of economics, as well as the policy choices for Europe’s elite.
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