Saving Europe

Saving Europe

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Is the European crisis over? By no means, according to economist and journalist Carlo Bastasin. In fact, the problems that developed between 2008 and 2011a€”described in the first edition of Saving Europea€”have grown more insidious. The crisis originated when national governments failed to act openly and responsibly, putting in jeopardy not only their own countries but also the well-being of future generations and foreign taxpayers. This failure continued even after the crisis became evident; leaders did not explain clearly to their citizens why the financial crisis had occurred and what was being done about it. From a crisis of politics, it has turned into an outright crisis of European democracy, and a warning for the future of globalization. Carlo Bastasin paints a unique, gripping picture of the events, people, and ideas behind the scenes of the European crisis. From the historic roots to the most recent develop-ments, the author unveils an engrossing chronicle of high drama and individual personalities on the world stage, including presidents, prime ministers, and central bankers. Saving Europe is the definitive book about the financial crisisa€”and the history as well as the future of Europe's economic and political union. Praise for the first edition of Saving Europe Bastasin does an admirable job in analysing the euro-zone's economic challenges and is a sure-footed guide through the seemingly endless European Union summit meetings that were supposed to resolve them. He also has an eye for the human detail that makes his sad account of institutional muddle surprisingly compelling. a€” Financial Times Bastasin's book is worth reading for its detailed political narrative of the eurozone crisis to date, focusing on the interaction among decision-makers in Europe's capitals. a€” Foreign Affairs A reconstruction that may be considered definitive. Revelations on the European negotiations are written with talent and go hand in hand with no-esoteric economic analysis and with the right amount of realism to reach the political substance. a€”Corriere della Sera Anyone looking for general knowledge and deeper understanding of the crisis, I can recommend a formidable analysis by Carlo Bastasin: Saving Europe. The author is a very unusual combination of a qualified economist and driven journalism. a€”Svenska DagbladetThe decision was opposed by the central banks in theperiphery, but the Spanish and Italian governors were put in minorityby their colleagues. ... Deutsche Banka#39;s exposure to toxic assets was estimated tobe morethan 150 percent of its tangible equity. ... European Council, a€œEuro Summit Statement, a€ October 26, 2011 (www. 25.

Title:Saving Europe
Author: Carlo Bastasin
Publisher:Brookings Institution Press - 2015-01-23

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