Europe's Financial Crisis
A Short Guide to How the Euro Fell into Crisis and the Consequences for the World (paperback)
Published on 11. December 2014
Book
Paperback/Softback
176 pages
978-0-13-399352-3 (ISBN)
Description
Greece. Spain. Italy. Portugal. Will the Euro survive? Where is the Eurozone financial crisis leading? What will it mean for global and US markets? In this brief discussion leading Financial Times journalist John Authers illuminates today's European financial crisis and the massive forces increasingly buffeting the world and US economies. Authers explains why a strong recovery remains far away, why the risk of a catastrophic "final" crisis remains terrifyingly real, and how investors can best navigate today's brutally challenging markets. Authers reveals why the 2010/2011 market rallies were so fearful, and why their underlying assumptions -- continued Chinese growth, bailouts, progress towards bank solvency, more easy "Fed" money -- have proven so tenuous. Above all, he shows how the Eurozone crisis uncovers today's worst unaddressed risk: the markets' loss of confidence in governments. The author offers profound new insights into
Underlying flaws in the banking system that remain even after huge bailouts
How the Eurozone's flawed structure is driving a new sovereign debt crisis
How cheap money and bailouts have bought time -- and how that time is rapidly running out
The increasingly frightening signs of "perverse synchronization": forex, equity, credit, and commodity markets massively moving in tandem
What policymakers can and must do now
Underlying flaws in the banking system that remain even after huge bailouts
How the Eurozone's flawed structure is driving a new sovereign debt crisis
How cheap money and bailouts have bought time -- and how that time is rapidly running out
The increasingly frightening signs of "perverse synchronization": forex, equity, credit, and commodity markets massively moving in tandem
What policymakers can and must do now
More details
Person
John Authers, Senior Investment Columnist for the Financial Times, is responsible for the weekly "Long View" and other columns on markets and investment. One of the world's most influential financial journalists, he has served as global head of the Financial Times "Lex" column, U.S. markets editor, Mexico City bureau chief, and U.S. banking correspondent.
Authers speaks worldwide and appears frequently on major U.S. and global media, including the BBC, CNN, MSNBC, NPR, and PBS. He has twice been honored as the U.K.'s Investment Journalist of the Year and was named the Wincott Foundation's Senior Financial Journalist of the year for 2009, the premier award in British financial journalism. He is author of The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How to Prevent Them in the Future, to which this e-book is a sequel.
Authers' previous book, The Victim's Fortune, coauthored with Richard Wolffe, earned the prestigious Best of Knight-Bagehot Award.
Authers speaks worldwide and appears frequently on major U.S. and global media, including the BBC, CNN, MSNBC, NPR, and PBS. He has twice been honored as the U.K.'s Investment Journalist of the Year and was named the Wincott Foundation's Senior Financial Journalist of the year for 2009, the premier award in British financial journalism. He is author of The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How to Prevent Them in the Future, to which this e-book is a sequel.
Authers' previous book, The Victim's Fortune, coauthored with Richard Wolffe, earned the prestigious Best of Knight-Bagehot Award.
Content
Introduction 1
Chapter 1 Genesis of the Euro 11
Chapter 2 Catalyst: Crash on Wall Street 27
Chapter 3 Emerging Markets Decouple 43
Chapter 4 Currency Wars 55
Chapter 5 Banks Bounce 67
Chapter 6 Bank-Bashing 81
Chapter 7 Europe: The Logic of Contagion 95
Chapter 8 Democrats versus Technocrats 113
Chapter 9 Risk-On, Risk-Off Markets 129
Chapter 10 2012 and After 149
Index 161
Chapter 1 Genesis of the Euro 11
Chapter 2 Catalyst: Crash on Wall Street 27
Chapter 3 Emerging Markets Decouple 43
Chapter 4 Currency Wars 55
Chapter 5 Banks Bounce 67
Chapter 6 Bank-Bashing 81
Chapter 7 Europe: The Logic of Contagion 95
Chapter 8 Democrats versus Technocrats 113
Chapter 9 Risk-On, Risk-Off Markets 129
Chapter 10 2012 and After 149
Index 161