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Greekonomics: The Euro crisis and why politicians don't get it

Greekonomics: The Euro crisis and why politicians don't get it

by VickyPryce (Author)

  • Used

    Paperback 2013

    $3.28
Synopsis

Shortlisted for Spear's Business Book of the Year Award 2013 The eurozone is in crisis. Spiralling debts, defaulting banks, high unemployment - the European dream of a united union appears to be over. All fingers point to the corrupt and greedy PIIGs: Portugal, Ireland, Italy, Greece and Spain. Profligate governments have exploited the system, squandered the benefits and now beg for bail-outs from those that prosper. But is it really that simple? Economist Vicky Pryce argues that, given the flaws at its conception, the eurozone has been doomed from the very start. Politicians ignored common sense and deliberately created a system based on political not economic motives. It was a recipe for disaster and Europe now reaps the whirlwind. Is it time for a Greek exit? Now comprehensively revised and updated, Greekonomics explores the history of the eurozone, lays bare the causes of the crisis and suggests a way out of the current mess.

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More Information

Format: Paperback
 Pages: 256
 Edition: New ed.
 Publisher: Biteback Publishing
Published: 14 Nov 2013
ISBN 10: 1849546282
ISBN 13: 9781849546287

Media Reviews
'A good read - It has intellectual depth and insider perspective - Flashes of humour - [an]Excellent achievement.' Radar, The Independent 'A lively and non-technical description of just how we got here with the euro-crisis.' The Business Economist 'Given the politicians' endorsements on the cover of her book, it's possible that they do get it, but Pryce, a Greek-born economist, does an admirable job of rescuing her homeland from the scurrilous portraits of it that have recently dominated the press. She reminds us of Greece's much-troubled past, which should have given Europe's politicians pause for thought before welcoming it into the euro, and blames political expediency, not a racist stereotyping of Greek laziness, for the financial mess. Some of the economic detail is a little hard to follow, but Pryce works hard to be accessible, and highlights key facts that are contributing to people's anger in Greece - unemployment benefit, for example, is paid out for just one year and, even then, only if you have contributed enough. After that, you're on your own.' Independent on Sunday 'Her account of the country's institutionalised rottenness...is shatteringly comprehensive.' Sunday Times Culture 'Vicky Pryce has just written a book in which she argues that Greece could never have lived within the euro and economic Armageddon was an inevitability. The book, niftily titled Greekonomics, is an interesting and accessible polemic. Before writing it, Pryce was a top civil servant, joint head of the UK's government economic service and before that she had a senior job in the City. An interesting and impressive career.' The Guardian 'Anyone who wishes to know how serious the crisis has been in Greece could do worse than invest in Vicky Pryce's Greekonomics, which is a riveting read.' The Observer
Author Bio
Vicky Pryce is an economist, and former Joint head of the United Kingdom's government economic service. She lives in Clapham.