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BOOK
Author Lynn, Matthew.
Title Bust : Greece, the Euro, and the sovereign debt crisis / Matthew Lynn.
Imprint Hoboken, N.J. : Bloomberg Press, [2011]
©2011

LOCATION CALL # STATUS MESSAGE
 OTTERBEIN MAIN COLLECTION  HB3807.5 .L96 2011    AVAILABLE  
LOCATION CALL # STATUS MESSAGE
 OTTERBEIN MAIN COLLECTION  HB3807.5 .L96 2011    AVAILABLE  
Subject Financial crises -- Greece -- History -- 21st century.
Debts, External -- Greece -- History -- 21st century.
Economic stabilization -- Greece -- History -- 21st century.
Greece -- Economic conditions -- 1974-
Greece -- Economic policy -- 1974-
Description 282 pages ; 24 cm
Bibliography Note Includes bibliographical references (p. 263-271).
Contents Now We Are Ten -- How to Blag Your Way into a Single Currency -- At Club Med the Party Never Ends -- The Story of the Swabian Housewife -- Fixing a Debt Crisis with Debt -- Burying Your Head in the Greek Sand -- The Debts Fall Due -- The Trillion-Dollar Weekend -- Contagion -- The Debt-Deflation Death Spiral -- How to Break Up a Single Currency -- The Global Economy after the Single Currency.
Summary "Athens, Greece May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a 100-billion Euro rescue package for the country. The Greek Prime Minister, George Papandreou had agreed to a savage package of Austerity Measures involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse with the world's financial markets watching to see if the deal cobbled together would be enough to both calm the markets, rescue the Greek economy, and with it the Euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis leading market commentator Matthew Lynn blends financial history, politics and current affairs to tell 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. Bust: Greece, the Euro, and the Sovereign Debt Crisis is a story of government deceit, unfettered spending, and cheap borrowing. As well as charting Greece?s rise, and spectacular fall from grace, it looks at the global repercussions of a financial disaster that shows many of the hallmarks of the Lehman Brother's debacle. It looks at how the Greek contagion has spread like wildfire through Europe, and, as the global financial community looks on in concern, club Med, or PIGGS countries succumb to its influence. And of course, no financial crisis is complete without Goldman Sachs and murky deals, as the author explores how speculators and derivatives traders compounded the problem. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is a lively and engaging account of a country gone wrong, for anyone interested in world events and global economics."-- Provided by publisher.
"Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is a lively and engaging account of a country gone wrong, for anyone interested in world events and global economics"-- Provided by publisher.
ISBN 9780470976111 (hardback)
047097611X (hardback)
OCLC # 651919796
Table of Contents
 Introduction: May Day in Athens1
ch. 1 Now We Are Ten9
ch. 2 How to Blag Your Way into a Single Currency33
ch. 3 At Club Med the Party Never Ends57
ch. 4 The Story of the Swabian Housewife75
ch. 5 Fixing a Debt Crisis with Debt93
ch. 6 Burying Your Head in the Greek Sand111
ch. 7 The Debts Fall Due127
ch. 8 The Trillion-Dollar Weekend149
ch. 9 Contagion183
ch. 10 The Debt-Deflation Death Spiral205
ch. 11 How to Break Up a Single Currency223
ch. 12 The Global Economy after the Single Currency243
 Notes263
 Acknowledgments273
 About the Author274
 Index275