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Books > History > World history > From 1900 > Postwar, from 1945
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Welcome to the Poisoned Chalice - The Destruction of Greece and the Future of Europe (Hardcover)
Loot Price: R1,889
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Welcome to the Poisoned Chalice - The Destruction of Greece and the Future of Europe (Hardcover)
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A world-renowned economist offers cogent and powerful reflections
on one of the great avoidable economic catastrophes of the modern
era 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other previously unpublished material-Galbraith examines the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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