A #1 Sunday Times bestseller [UK] A titanic battle is being waged
for Europe's integrity and soul, with the forces of reason and
humanism losing out to growing irrationality, authoritarianism, and
malice, promoting inequality and austerity. The whole world has a
stake in a victory for rationality, liberty, democracy, and
humanism. In January 2015, Yanis Varoufakis, an economics professor
teaching in Austin, Texas, was elected to the Greek parliament with
more votes than any other member of parliament. He was appointed
finance minister and, in the whirlwind five months that followed,
everything he had warned about,the perils of the euro's faulty
design, the European Union's shortsighted austerity policies,
financialized crony capitalism, American complicity and rising
authoritarianism,was confirmed as the troika" (the European Central
Bank, International Monetary Fund, and European Commission)
stonewalled his efforts to resolve Greece's economic crisis. Here,
Varoufakis delivers a fresh look at the history of Europe's crisis
and America's central role in it. He presents the ultimate case
against austerity, proposing concrete policies for Europe that are
necessary to address its crisis and avert contagion to America,
China, and the rest of the world. With passionate, informative, and
at times humorous prose, he warns that the implosion of an
admittedly crisis-ridden and deeply irrational European monetary
union should, and can, be avoided at all cost.
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