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

Author/Contributor(s):	Varoufakis, Yanis
Publisher:	Bold Type Books
Date:	04/12/2016
Binding:	Hardcover
Condition:	NEW

"Varoufakis, the former Finance Minister of Greece, [posits] that the Eurozone is a house of cards destined to fall without a radical change in direction. And, if the European Union falls apart, he argues, the global economy will not be far behind. Once America abandoned Europe in 1971 from the dollar zone, Europe's leaders decided to create a monetary union of 18 nations without control of their own money, without democratic accountability, and without a government to support the Central Bank. This bizarre economic super-power was equipped with none of the shock absorbers necessary to contain a financial crisis, while its design ensured that, when it came, the crisis would be massive. When disaster hit in 2009, Varoufakis argues that Europe turned against itself, humiliating millions of innocent citizens, driving populations to despair, and buttressing a form of bigotry unseen since the Second World War"--