Adults in the Room

My Battle with the European and American Deep Establishment

Author: Yanis Varoufakis

Publisher: Farrar, Straus and Giroux

ISBN: 0374718423

Category: Political Science

Page: 560

View: 8413

A Number One Sunday Times Bestseller What happens when you take on the establishment? In Adults in the Room, the renowned economist and former finance minister of Greece Yanis Varoufakis gives the full, blistering account of his momentous clash with the mightiest economic and political forces on earth. After being swept into power with the left-wing Syriza party, Varoufakis attempts to renegotiate Greece’s relationship with the EU—and sparks a spectacular battle with global implications. Varoufakis’s new position sends him ricocheting between mass demonstrations in Athens, closed-door negotiations in drab EU and IMF offices, and furtive meetings with power brokers in Washington, D.C. He consults and quarrels with Barack Obama, Emmanuel Macron, Christine Lagarde, the economists Larry Summers and Jeffrey Sachs, and others, as he struggles to resolve Greece’s debt crisis without resorting to punishing austerity measures. But despite the mass support of the Greek people and the simple logic of Varoufakis’s arguments, he succeeds only in provoking the fury of Europe’s elite. Varoufakis’s unvarnished memoir is an urgent warning that the economic policies once embraced by the EU and the White House have failed—and spawned authoritarianism, populist revolt, and instability throughout the Western world. Adults in the Room is an extraordinary tale of brinkmanship, hypocrisy, collusion, and betrayal that will shake the global establishment to its foundations.
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Adults In The Room

My Battle With Europe’s Deep Establishment

Author: Yanis Varoufakis

Publisher: Random House

ISBN: 1473547822

Category: Business & Economics

Page: 576

View: 8013

'One of the greatest political memoirs of all time' (Guardian) -- The Sunday Times Number 1 Bestseller What happens when you take on the establishment? In this blistering, personal account, world-famous economist Yanis Varoufakis blows the lid on Europe's hidden agenda and exposes what actually goes on in its corridors of power. Varoufakis sparked one of the most spectacular and controversial battles in recent political history when, as finance minister of Greece, he attempted to re-negotiate his country’s relationship with the EU. Despite the mass support of the Greek people and the simple logic of his arguments, he succeeded only in provoking the fury of Europe’s political, financial and media elite. But the true story of what happened is almost entirely unknown – not least because so much of the EU’s real business takes place behind closed doors. In this fearless account, Varoufakis reveals all: an extraordinary tale of brinkmanship, hypocrisy, collusion and betrayal that will shake the deep establishment to its foundations. As is now clear, the same policies that required the tragic and brutal suppression of Greece’s democratic uprising have led directly to authoritarianism, populist revolt and instability throughout the Western world. Adults In The Room is an urgent wake-up call to renew European democracy before it is too late.
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Adults in the Room

My Battle with the European and American Deep Establishment

Author: Yanis Varoufakis

Publisher: N.A

ISBN: 0374101000

Category: Biography & Autobiography

Page: 560

View: 6188

A Number One Sunday Times Bestseller What happens when you take on the establishment? In Adults in the Room, the renowned economist and former finance minister of Greece Yanis Varoufakis gives the full, blistering account of his momentous clash with the mightiest economic and political forces on earth. After being swept into power with the left-wing Syriza party, Varoufakis attempts to renegotiate Greece’s relationship with the EU—and sparks a spectacular battle with global implications. Varoufakis’s new position sends him ricocheting between mass demonstrations in Athens, closed-door negotiations in drab EU and IMF offices, and furtive meetings with power brokers in Washington, D.C. He consults and quarrels with Barack Obama, Emmanuel Macron, Christine Lagarde, the economists Larry Summers and Jeffrey Sachs, and others, as he struggles to resolve Greece’s debt crisis without resorting to punishing austerity measures. But despite the mass support of the Greek people and the simple logic of Varoufakis’s arguments, he succeeds only in provoking the fury of Europe’s elite. Varoufakis’s unvarnished memoir is an urgent warning that the economic policies once embraced by the EU and the White House have failed—and spawned authoritarianism, populist revolt, and instability throughout the Western world. Adults in the Room is an extraordinary tale of brinkmanship, hypocrisy, collusion, and betrayal that will shake the global establishment to its foundations.
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Talking to My Daughter About the Economy

A Brief History of Capitalism

Author: Yanis Varoufakis

Publisher: Random House

ISBN: 1473547814

Category: Business & Economics

Page: 224

View: 3214

Yanis Varoufakis, the world-renowned economist and #1 bestselling author, uses personal stories and famous myths to explain what economics is and why it has the power to change our world. Why is there so much inequality? In this intimate and accessible book, world famous economist Yanis Varoufakis sets out to answer his daughter Xenia’s deceptively simple question. Drawing on memories of her childhood and a variety of well-known tales – from Oedipus and Faust to Frankenstein and The Matrix -- Talking To My Daughter About the Economy explains everything you need to know in order to understand why economics is the most important drama of our times. It is a book that helps to make sense of a troubling world while inspiring us to make it a better one.
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And the Weak Suffer What They Must?

Europe, Austerity and the Threat to Global Stability

Author: Yanis Varoufakis

Publisher: Random House

ISBN: 1473545684

Category: Business & Economics

Page: 336

View: 9169

THE SUNDAY TIMES NUMBER ONE BESTSELLER 'If you ever doubt what is at stake in Europe - read Varoufakis's account' Guardian A spectre is haunting Europe – the spectre of failed capitalism. In this startling account of Europe’s economic rise and catastrophic fall, Yanis Varoufakis pinpoints the flaws in the European Union’s design – a design that was thought up after the Second World War, and is responsible for Europe’s fragmentation and the resurgence of racist extremism across the Continent. When the financial crisis struck in 2008, the political elite’s response ensured that it would be the weakest citizens of the weakest nations that would pay the price for the bankers’ mistakes. Drawing on his personal experience of negotiations with the eurozone’s financiers, and offering concrete policies to reform Europe, Varoufakis shows how we concocted this mess, and points the way out of it. And The Weak Suffer What They Must? reminds us of our history, in order to save European capitalism and democracy from the abyss.
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Europe after the Minotaur

Greece and the Future of the Global Economy

Author: Yanis Varoufakis

Publisher: Zed Books Ltd.

ISBN: 1783606088

Category: Business & Economics

Page: N.A

View: 352

Syriza’s victory in the Greek general election in January 2015 is a truly historic and profound event -- the first government of the radical left in Europe since World War Two. In this short ebook, extracted from the updated edition of The Global Minotaur, Yanis Varoufakis, the new finance minister of Greece and a Syriza MP, outlines his economic and political thinking and how he believes Europe can move beyond cuts and austerity. Varoufakis shows how today’s crisis in Europe is one inevitable symptom of a global ‘system’ which is now as unsustainable as it is imbalanced. With powerful clarity and conviction, he lays out the options available to us for reintroducing reason into a highly irrational global economic order. This is a unique insight into the thinking of a key figure in the Syriza government, who is set to become a hugely influential figure in European politics.
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Austerity

Vintage Minis

Author: Yanis Varoufakis

Publisher: Random House

ISBN: 1473556112

Category: Business & Economics

Page: 144

View: 6727

VINTAGE MINIS: GREAT MINDS. BIG IDEAS. LITTLE BOOKS. How do we choose between what is fair and just, and what our debtors demand of us? Yanis Varoufakis was put in such a dilemma in 2015 when he became the finance minister of Greece. In this rousing book, he charts the absurdities that underpin calls for austerity, as well as his own battles with a bureaucracy bent on ignoring the human cost of its every action. Passionately outspoken and tuned to the voices of the oppressed, Varoufakis presents a guide to modern economics, and its threat to democracy, like no other. Selected from the books And the Weak Suffer What They Must? and Adults in the Room
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Modern Political Economics

Making Sense of the Post-2008 World

Author: Yanis Varoufakis,Joseph Halevi,Nicholas Theocarakis

Publisher: Routledge

ISBN: 1136814744

Category: Business & Economics

Page: 512

View: 6010

In 2008, not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store.
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Foundations of Economics

A Beginner's Companion

Author: Yanis Varoufakis

Publisher: Routledge

ISBN: 1134682603

Category: Business & Economics

Page: 424

View: 3651

Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well. The book covers all the main economic concepts and addresses in detail three main areas: * consumption and choice * production and markets * government and the State. Each is discussed in terms of what the conventional textbook says, how these ideas developed in historical and philosophical terms and whether or not they make sense. Assumptions about economics as a discipline are challenged, and several pertinent students' anxieties ('Should I be studying economics?') are discussed.
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Global Establishment

The Political Economy of North/Asian Networks

Author: David Kowalewski

Publisher: Springer

ISBN: 1349252115

Category: Political Science

Page: 254

View: 6077

Global Establishment applies the theory of establishmentism to international political economy. After the 1930-80 period, which greatly damaged the interests of the elites of Northern countries, the establishments of the North increasingly meshed across national borders. They also forged close connections with the national establishments of Asian nations. Whereas this new transnational class formation, the Global Establishment, has been of great benefit to Northern and Asian elites, it has brought considerable suffering to Asian nonelites. These nonelites have fought back, in the form of numerous strikes, demonstrations, and terrorist acts.
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The Global Minotaur

America, Europe and the Future of the Global Economy

Author: Yanis Varoufakis

Publisher: Zed Books Ltd.

ISBN: 1783606126

Category: Business & Economics

Page: 304

View: 1619

'The emerging rock-star of Europe's anti-austerity uprising.' Daily Telegraph 'A spirited book.' New Yorker In this remarkable and provocative book, Yanis Varoufakis, former finance minister of Greece, explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of both the Eurozone crisis and the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a Global Minotaur was born. Today's deepening crisis in Europe is just one of the inevitable symptoms of the weakening Minotaur; of a global system which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis reveals how we might reintroduce a modicum of reason into what has become a perniciously irrational economic order. An essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.
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Crisis in the Eurozone

Author: Costas Lapavitsas,Eustache Kouvélakis

Publisher: Verso Books

ISBN: 1844679691

Category: Business & Economics

Page: 243

View: 8077

A controversial call to break up the Eurozone and stop the debt crisis. First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.
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A Diary of the Euro Crisis in Cyprus

Lessons for Bank Recovery and Resolution

Author: Panicos Demetriades

Publisher: Springer

ISBN: 3319622234

Category: Business & Economics

Page: 215

View: 6321

This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during his tenure. Written in chronological order, and broadly based on the author’s personal diary, starting from his first day in office, this volume brings together economics, banking, regulation, governance, history, politics and international relations. Presenting personal witness statements, including records of noteworthy telephone conversations, informal meetings and other milestones, it examines crucial questions like: How did Cyprus become so systemically important to the rest of the euro area? Why was Cyprus treated so differently in comparison to other peripheral countries in Europe? Why were bank depositors targeted? What role did Cyprus’ links with Russia play in the design of the programme? What has been the toxic fallout from the bail-in? Are there any longer-term implications for the euro? What are the lessons for regulators around the world? The book will appeal to readers interested in financial crises, the euro’s architecture, the evolution of the European Monetary Union, and those with an interest in how Europe and the IMF dealt with crises in peripheral European countries.
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Modern Greece

What Everyone Needs to Know

Author: Stathis Kalyvas

Publisher: Oxford University Press

ISBN: 0199948798

Category: History

Page: 240

View: 6134

Just a few years ago, Greece appeared to be a politically secure nation with a healthy economy. Today, Greece can be found at the center of the economic maelstrom in Europe. Beginning in late 2008, the Greek economy entered a nosedive that would transform it into the European country with the most serious and intractable fiscal problems. Both the deficit and the unemployment rate skyrocketed. Quickly thereafter, Greece edged toward a pre-revolutionary condition, as massive anti-austerity protests punctuated by violence and vandalism spread throughout Greek cities. Greece was certainly not the only country hit hard by the recession, but nevertheless the entire world turned its focus toward it for a simple reason: the possibility of a Greek exit from the European Monetary Union, and its potential to unravel the entire Union, with other weaker members heading for the exits as well. The fate of Greece is inextricably tied up with the global politics surrounding austerity as well. Is austerity rough but necessary medicine, or is it an intellectually bankrupt approach to fiscal policy that causes ruin? Through it all, Greece has staggered from crisis to crisis, and the European central bank's periodic attempts to prop up its economy fall short in the face of popular recalcitrance and negative economic growth. Though the catalysts for Greece's current economic crises can be found in the conditions and events of the past few years, one can only understand the factors that helped to transform these crises into a terrible political and social catastrophe by tracing Greece's development as an independent country over the past two centuries. In Greece: What Everyone Needs to Know, Stathis Kalyvas, an eminent scholar of conflict, Europe, and Greece, begins by elucidating the crisis's impact on contemporary Greek society. He then shifts his focus to modern Greek history, tracing the nation's development from the early nineteenth century to the present. Key episodes include the independence movement of the early nineteenth century, the aftermath of World War I (in which Turkey and Greece engaged in a massive mutual ethnic cleansing), the German occupation of World War II, the brutal civil war that followed, the postwar conflict with Turkey over Cyprus, the military coup of 1967, and-finally-democracy and entry into the European Union. The final part of the book will cover the recent crisis in detail. Written by one of the most brilliant political scientists in the academy, Greece is the go-to resource for understanding both the present turmoil and the deeper past that has brought the country to where it is now.
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Austerity

The History of a Dangerous Idea

Author: Mark Blyth

Publisher: Oxford University Press

ISBN: 0199389446

Category: Business & Economics

Page: 322

View: 9930

Selected as a Financial Times Best Book of 2013 Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we austerity for what it is, and what it costs us.
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Reporter

Author: Seymour M. Hersh

Publisher: Knopf

ISBN: 0525521585

Category: Biography & Autobiography

Page: 368

View: 6650

"Reporter is just wonderful. Truly a great life, and what shines out of the book, amid the low cunning and tireless legwork, is Hersh's warmth and humanity. This book is essential reading for every journalist and aspiring journalist the world over." —John le Carré From the Pulitzer Prize-winning, best-selling author and preeminent investigative journalist of our time—a heartfelt, hugely revealing memoir of a decades-long career breaking some of the most impactful stories of the last half-century, from Washington to Vietnam to the Middle East. Seymour Hersh's fearless reporting has earned him fame, front-page bylines in virtually every major newspaper in the free world, honors galore, and no small amount of controversy. Now in this memoir he describes what drove him and how he worked as an independent outsider, even at the nation's most prestigious publications. He tells the stories behind the stories—riveting in their own right—as he chases leads, cultivates sources, and grapples with the weight of what he uncovers, daring to challenge official narratives handed down from the powers that be. In telling these stories, Hersh divulges previously unreported information about some of his biggest scoops, including the My Lai massacre and the horrors at Abu Ghraib. There are also illuminating recollections of some of the giants of American politics and journalism: Ben Bradlee, A. M. Rosenthal, David Remnick, and Henry Kissinger among them. This is essential reading on the power of the printed word at a time when good journalism is under fire as never before.
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Payback

Debt and the Shadow Side of Wealth

Author: Margaret Atwood

Publisher: Bloomsbury Publishing

ISBN: 1408837323

Category: Social Science

Page: 240

View: 9638

In this wide-ranging history of debt Margaret Atwood investigates its many meanings through the ages, from ancient times to the current global financial meltdown. Many of us wonder: how could we have let such a collapse happen? How old or inevitable is this human pattern of debt? Imaginative, topical and insightful, Payback urges us to reconsider our ideas of ownership and debt - before it is too late.
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Berlin Rules

Europe and the German Way

Author: Paul Lever

Publisher: I.B.Tauris

ISBN: 1786721813

Category: History

Page: 288

View: 4816

In the second half of the twentieth century, Germany became the dominant political and economic power in Europe – and the arbiter of all important EU decisions. Yet Germany’s leadership of the EU is geared principally to the defence of German national interests. Germany exercises power in order to protect the German economy and to enable it to play an influential role in the wider world. Beyond that there is no underlying vision or purpose. In this book, former British ambassador in Berlin Paul Lever provides a unique insight into modern Germany. He shows how the country’s history has influenced its current economic and political structures and provides important perspectives on its likely future challenges and choices, especially in the context of the 2015 refugee crisis which saw over 1 million immigrants offered a home in Germany. As Britain prepares to leave the European Union, this book will be essential reading and suggests the future shape of a Germany dominated Europe.
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Welcome to the Poisoned Chalice

The Destruction of Greece and the Future of Europe

Author: James K. Galbraith

Publisher: Yale University Press

ISBN: 0300220448

Category: Business & Economics

Page: 232

View: 2673

The economic crisis in Greece is a potential international disaster and one of the most extraordinary monetary and political dramas of our time. The financial woes of this relatively small European nation threaten the long-term viability of the Euro while exposing the flaws in the ideal of continental unity. "Solutions" proposed by Europe's combined leadership have sparked a war of prideful words and stubborn one-upmanship, and they are certain to fail, according to renowned economist James K. Galbraith, because they are designed for failure. It is this hypocrisy that prompted former finance minister Yanis Varoufakis, when Galbraith arrived in Athens as an adviser, to greet him with the words "Welcome to the poisoned chalice." In this fascinating, insightful, and thought-provoking collection of essays--which includes letters and private memos to both American and Greek officials, as well as other previously unpublished material--Galbraith examines the crisis, its causes, its course, and its meaning, as well as the viability of the austerity program imposed on the Greek citizenry. It is a trenchant, deeply felt commentary on what the author calls "economic policy as moral abomination," and an eye-opening analysis of a contemporary Greek tragedy much greater than the tiny economy of the nation itself.
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Euro

And Its Threat to the Future of Europe

Author: Joseph Stiglitz

Publisher: Penguin Press

ISBN: 9780141983240

Category:

Page: 304

View: 592

"Designed to bring Europe closer together, the euro has actually done the opposite- after nearly a decade without growth, unity has been replaced with dissent and enlargements with prospective exits. Joseph Stiglitz argues that Europe's stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the euro project - economic integration outpacing political integration with a structure that actively promotes divergence rather than convergence. Money relentlessly leaves the weaker member states and goes to the strong, with debt accumulating in a few ill-favoured countries. The question now is- can the euro be saved? Laying bare the European Central Bank's misguided inflation-only mandate and explaining why austerity has condemned Europe to unending stagnation, Stiglitz outlines three possible ways forward- fundamental reforms in the structure of the Eurozone and the policies imposed on the member countries suffering the most; a well-managed end to the euro; or a bold, new system he dubs the 'flexible euro;. This important book, by one of the world's leading economists, addresses the euro-crisis on a bigger intellectual scale than any predecessor."
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