And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future

A professor of economic theory at the University of Athens and a visiting professor at the Lyndon B. . Yanis Varoufakis is the former finance minister of Greece. Johnson School of Public Affairs, University of Texas, Austin, he is the author of The Global Minotaur: America, the True Causes of the Financial Crisis and the Future of the World, among others. In 2016 he formed a new pan-European political party, Democracy in Europe Movement 2025 (DiEM)

He presents the ultimate case against austerity, proposing concrete policies for Europe that are necessary to address its crisis and avert contagion to America, China, and the rest of the world. Here, Varoufakis delivers a fresh look at the history of Europe's crisis and America's central role in it. With passionate, informative, and at times humorous prose, he warns that the implosion of an admittedly crisis-ridden and deeply irrational European monetary union should, and can, be avoided at all cost.. He was appointed finance minister and, in the whirlwind five months that followed, everything he had warned about-the perils of the euro's faulty design, the European Union's shortsighted austerity policies, financialized crony capitalism, American complicity and rising authoritarianism-was confirmed as the "troika" (the European Central Bank, International Monetary Fund, and European Commission) stonewalled his efforts to resolve Greece's economic crisis. The whole wor

Varoufakis tends to speak in thoughtful and theatrical tones that can prompt strong reactions."The New York Times"European finance ministers have got an opponent who will not recede easily. And one who, furthermore, appears to have the stamina of a long-distance runner to go the whole way."The Guardian"Feisty."The Washington Post"Earnest, energetic."The Financial Times. "The emerging rock star of Europe's anti-austerity uprising."The Daily Telegraph"A brilliant economist."Bloomberg"The most interesting man in the world." Business Insider"A fiery maverick." Fortune"Mr

"Insightful, Fair, and Deeply Moving" according to J Zhang. In a nutshell, this is a great read. If you're wondering, as I did, why the US unemployment rate went from 12% to 5% in the years following the 2008 financial crisis, yet Europe's unemployment rate stayed at 12%, then perhaps you want to read this book.This book is divided roughly i. Great writing from a great writer; a real education for one who reads this kind of stuff a lot; in a class by himself. Just through the first couple of chapters; breathtaking; he goes back to Breton Woods and the Nixon Gold shock which I lived through. I did not remember/know the actors involved and what was happening behind the scenes. It's like the "Real" history you read as you get older, not the. Superb analysis and historical background of the European crisis. Elias Vernikos Superb analysis and historical background of the European crisis. Hard to argue with Prof. Varoufakis as he is not merely expressing opinions but through extensive foot notes supports his arguments. A must read for layman and economists alike if they wish to understand the European