Yanis Varoufakis: And The Weak Suffer What They Must?

Vintage Books
Vintage Books
10,554
0
Published 2016-04-07
The crisis in Europe is not over, it's getting worse. In this dramatic narrative of Europe’s economic rise and spectacular fall, Yanis Varoufakis, former finance minister of Greece, ‘the emerging rock star of Europe’s anti-austerity uprising’ (Telegraph), shows that the origins of the collapse go far deeper than our leaders are prepared to admit – and that we have done nothing so far to fix them.

In 2008, the universe of Western finance outgrew planet Earth. When Wall Street imploded, a death embrace between insolvent banks and bankrupt states consumed Europe. Half a dozen national economies imploded and several more came close. But the storm is far from over…

From the aftermath of the Second World War to the present, Varoufakis recounts how the eurozone emerged not as route to shared prosperity but as a pyramid scheme of debt with countries such as Greece, Ireland, Portugal and Spain at its bottom. Its woeful design ensured that collapse would be inevitable and catastrophic. But since the hurricane landed Europe’s leaders have chosen a cocktail of more debt and harsh austerity rather than reform, ensuring that the weakest citizens of the weakest nations pay the price for the bankers’ mistakes, while doing nothing to prevent the next collapse. Instead, the principle of the greatest austerity for those suffering the greatest recessions has led to a resurgence of racist extremism. Once more, Europe is a potent threat to global stability.

Drawing on the personal experience of his own negotiations with the eurozone’s financiers and offering concrete policies and alternatives, Varoufakis shows how we concocted this mess and how we can get out of it. And The Weak Suffer What They Must? reminds us of our history in order to save European capitalism from itself.

Read more at www.penguin.co.uk/books/1111278/and-the-weak-suffe…
All Comments (8)
  • @KyriakosGiovanni10
    What a true Greek patriot. He tried to bring change when everyone was against him. Even his own party betrayed him. That’s the destiny of great minds… Yanis, the Greeks that question what the media tells them, truly appreciate and respect you.
  • @mariettestabel275
    This is Yanis! In Love with the Truth and Logic...That's his fetish. His Brain can not compute if he doesn't say the Truth. Can not Work! Brilliant! ✊
  • @Alkomp75
    Varoufakis is a genius.........unfortunately we have that bloody german Schaeuble on the wheel of the European economy who enforces brutal austerity and the whole Europe is dragging with hugh unemployment
  • @TheAnonJohn
    416BC: The Athenians offer the Melians an ultimatum: surrender and pay tribute to Athens, or be destroyed. The Athenians do not wish to argue over the morality of the situation, because in practice might makes right (or, in their own words, "the strong do what they can and the weak suffer what they must")
  • @klimlib
    All those "borrowings" to Greece should be written-off.
  • @meandmymouth
    He's made the Christine Lagarde joke before and it's getting a bit tiresome now. Who knows if it's true or not and since it is about a supposedly private conversation made during high level talks on international finance the lady involved wil rightly never be able to confirm or deny it. There is a name for such treachery !