Bust
Greece, the Euro and the Sovereign Debt Crisis
Published on 26. November 2010
288 pages
978-1-119-99068-0 (ISBN)
Description
In 2001, Greece saw its application for membership into theEurozone accepted, and the country sat down to the greatest freelunch in economic history. However, the coming years of globaleconomic prosperity would lead to unrestrained spending, cheapborrowing, and a failure to implement financial reform, leaving thecountry massively exposed to a financial crisis--which dulystruck.
In Bust: Greece, the Euro, and the Sovereign Debt Crisis,Bloomberg columnist Matthew Lynn explores Greece's spectacular riseand fall from grace and the global repercussions of its financialdisaster. Page by page, he provides a thrilling account of theGreek 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 wildfirethroughout Europe and explores how government ineptitude as well asfinancial speculators compounded the problem.
Blending financial history, politics, and current affairs, Lynnskillfully tells the story of how one nation rode the wave ofeconomic 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 howinterconnected the world really is.
In Bust: Greece, the Euro, and the Sovereign Debt Crisis,Bloomberg columnist Matthew Lynn explores Greece's spectacular riseand fall from grace and the global repercussions of its financialdisaster. Page by page, he provides a thrilling account of theGreek 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 wildfirethroughout Europe and explores how government ineptitude as well asfinancial speculators compounded the problem.
Blending financial history, politics, and current affairs, Lynnskillfully tells the story of how one nation rode the wave ofeconomic 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 howinterconnected the world really is.
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12/2010
Bloomberg Press
€26.50
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Person
MATTHEW LYNN is an experienced financial writer and commentator. He is a business and economics commentator for Bloomberg Television, a columnist for Bloomberg News, as well as MoneyWeek in the UK, and a regular contributor to the Spectator magazine in London. Before that, Lynn worked for the Sunday Times in London for ten years as a business writer and columnist. As Matt Lynn, he is also the author of the Death Force series of military thrillers published by Hodder Headline.
Content
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.
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.
