What he shows is not pretty: technocrates caught up in a hubristic game where social programs are playing cards for egos more concerned with maintaining the status quo than positive solutions. But let's take things one at a time. Here is only one of them: In his own article, Prof. What does drag the book down a little is a lot of repetition of policies and proposals and somewhat sloppy editing in parts, but the fact that it remained a compelling read for 400+ pages anyway certainly counts for a lot. Because of this, Varoufakis argues, Greece was essentially always having to take orders from the troika, because there was no way out of the debt.
It is his memoir of his time as finance minister, as well as the lead-up in which he is convinced to run for parliament and accept the role of finance minister. Part personal and surely cathartic! Merkel it's harder to get a read on. Varoufakis' account is thereby a welcome contrast to the journalistic cheerleading from the Dutch and German press for the way northern-European politicians acted during the 2015 Greek Spring. Because Grexit will also be very bad for those on the other side of the table, his credible threat thereof should result in a successful renegotiation, which will be better for both sides than Grexit. No, thanks, I thought to myself.
Yanis Varoufakis was the finance minister, briefly, of the left-insurgent Syriza government in Greece that took power in 2015. About The Author : Alfredo Hernandez Sanchez is a PhD student at Central European University, Budapest. In response, he reminisced at length about a secret mission he had undertaken in the 1970s and 1980s, to liaise with the East German authorities on behalf of his Christian Democrat party. Stephen shares the same family tree. LibraryThing Review User Review - jimrbrown - www.
In his charismatic, robust, bold and brash manner this highly popular, internationally well-known professor of economic theory, tried to take on the big guns and failed miserably. Instead, Varoufakis suggests that the framework of complexity theory and the analogy of Greek and Shakespearean tragedy are better suited to analyze the politics behind the crisis. To fully grasp its awesomeness is not so easy, actually, as we are into a realm of really amazing sophistication. The European banking payment system, Target2, in fact, ensures that those money the German companies have earned, from the buying of the peripheries, accumulates in Frankfurt banks. It is not the glamour and glitzy state that the Greeks accuse of cruelty and Nazi-ism, burning German flags on the plains of the Greek cities. Varoufakis is a hell of a writer, something rare for an economist, and he brings things to life.
It was absolutely worth the time. It is 2 in the bloody morning and I couldn't stop turning the damn pages! The article analyses the implications and social effects of Human Capital Theory. Part personal and surely cathartic! Varoufakis tells the story of his attempt to solve the eurocrisis using the lens of an authentic ancient Greek or Shakespearean tragedy in which characters, neither good nor bad, are overtaken by the unintended consequences of their conception of what they ought to do. His research interests include global governance, the international political economy of financial stability and sovereign debt. Random House presents the unabridged, audiobook edition of Adults in the Room by Yanis Varoufakis. However, Macron, while sympathetic to what Varoufakis was trying to do, could not convince then French President François Hollande to be more helpful.
I suspect that I have come closer to succeeding in this task in the case of those people whom I found fascinating and rather less so in the case of those whose banality numbed my senses. This autobiographical account details the political workings of a Eurozone establishment, and how vetted economic models to pull Greece out of a deflationary loop did not matter to its creditors whose sole objective was to push tough austerity measures regardless of the economic cost to the average European and to the European Union itself. So even though the author fought the austerity measures which a The author's experience during the Greek debt crisis in the Eurozone. When the ideas of capitalist globalisation appear to speak as one across the world, it is timely to re-examine the interconnections between language and ideology. This increases their money supply lowering their own interest rates. A Number One Sunday Times Bestseller What happens when you take on the establishment? That's the first time I've ever suggested another review, but it's especially worth the read.
Yanis Varoufakis writes that many of his counterparts agreed that the austerity measures imposed on Greece were counterproductive, but were not willing to say that publicly. That said, the book is a saga from one single Vantage Point remember that 2008 movie?! Merkel is a supporting actor to the narrative, even if essential for the aftermath; she's Merkel, how we would expect her to be, personally and politically. He provides only few rea Worth the reading. If you are merely interested in knowing the incidents with a basic understanding of bailouts and austerity, the book offers that as well. And like any horror movie where you know the ending, much of it is excruciating in that it leaves you hoping that things will end differently, only to crash when the result--the result you know is coming--arrives.
Actually, I met Varoufakis once at a finance conference in New York, probably in 2010 or so, and spoke with him briefly there, well before he was world-famous. This was the moment of truth for Varoufakis when he realized that no men of principle were on his team. There's lots to be said about this extraordinary masterpiece for the ages, but I'll close with the score settling, which is out of this world magnificent. Of course the powerful can always exercise power by enforcing rules, but by evincing the possibility of not enforcing rules, they can dissuade the weak from exercising what power they do have. Moreover, Varoufakis reduces his entire account of the run-up to very small sections — almost single sentences — where he admits that the Greek state had massively mismanaged its own economy. The book also captures the sheer complexity and difficulty of conducting multilate This is a technical read largely limited to a day-by-day account of Varoufakis' five months as Finance Minister of Greece , but is the single clearest overview I've read of how Syriza was ultimately unable to honour its commitments to resist the troika's imposed economic policies. This is perhaps the best book to narrate how inadequate and shortsighted powerbrokers who decide the fate of tens of millions are.
Varoufakis, supporter of the Greek radical left party Syriza, and as one of their spokespersons, spilling the beans on the events, I was getting ready for a real juicy scandal or Greek tragedy. No bailouts, no haircuts, no debt renegotiation. Today is tomorrow's history, and all our names is written into the script of destiny. Varoufakis failed in his attempt to resist a 3rd bailout and further austeiry. Varoufakis' account of events is still to be taken with a grain of salt, mind you - the way he consistently describes himself as the one good guy sticking to his principles and making reasonable proposals while others just keep lying, backstabbing and rejecting everything he says seems kind of one-sided, despite of his declaration at the start of the book that his aim was to be objective and truthful. On its own this was not significant, but as he explains in the book, it would in turn have triggered a cascade of defaults that would have undone Mario Dragi's program of Quantitative Easing.