‘[ an] uncompromising read… combines a blow–by–blow account of the Greek bailout with an analysis of why the euro is unsustainable…’ (Spectator.com, January 2011). ‘…a very readable and concise book’. (Financial Times, January 2011). ‘...cogent analysis of the Eurozone’s sovereign debt crisis delivered with a keen polemical edge, very accessible for the general reader.’ (Spears Wealth Management.com, July 2011). ‘...successfully blends financial history, politics, and current affairs...sets out a well–reasoned argument.’ (The Market, July 2011).
In Bust: Greece, the Euro, and the Sovereign Debt Crisis, Bloomberg columnist Matthew Lynn explores Greece's spectacular rise and fall from grace and the global repercussions of its financial disaster. Page by page, he provides a thrilling account of the Greek 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 wildfire throughout Europe and explores how government ineptitude as well as financial speculators compounded the problem.
Blending financial history, politics, and current affairs, Lynn skillfully tells the story of how one nation rode the wave of economic 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 how interconnected the world really is.