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Customer Review

13 of 16 people found the following review helpful
5.0 out of 5 stars Refreshing, 31 May 2011
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This review is from: Greece's 'Odious' Debt: The Looting Of The Hellenic Republic By The Euro, The Political Elite And The Investment Community (Anthem Finance) (Paperback)
It is hard to keep your anger in check when considering this mess in the eurozone; the ruinous self-interest which influenced the bankers, the regulators, the politicans and (most culpably) the intellectuals, strikes you as powerfully as an eight year old's fart. How can something so accrid emanate from something you hold out so much hope for? Its honesty, depth of insight, range of knowledge and verbal energy makes this a publishing sensation. I bridled at the ferocity with which, through extensive quotation, he whips the perpetrators, but that is as it should be, given their rank dishonesty or complacent stupidity. He navigates his tale through fifty years of political history, financial theory and trading guile in an almost impossibly capable way, maintaining as direct a course as you could hope for, given the tornadoes he has chosen to describe. I came across it in an article by Sam Brittan who once wrote that there are some things - like the evils of inflation or the sanctity of contract - that you can not explain but must absorb as an act of faith. In this history of the eurozone, he comes as close as anybody can to explaining something which is almost impossible to explain - readably. I can't think of a faster, more thorough way of learning about what is going on in Europe right now. You won't find a better dissection of today's financial disarray, which is both accessible to general readers and thought provoking for specialists.
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