This book investigates the causes, consequences, and potential resolutions of the European sovereign debt crisis that began in 2010. Simeon Djankov, a former World Bank chief economist and deputy finance minister of Bulgaria, draws on his extensive experience and access to key figures to dissect the complex economic and political factors that led to the crisis. The book presents a framework for understanding the interconnectedness of national economies within the Eurozone and argues for specific policy reforms to ensure future stability.

This book is recognized as a detailed and authoritative account of the Euro crisis, offering insights from a policymaker's perspective. Djankov's analysis is praised for its clarity in explaining complex economic mechanisms and political dynamics. The work is considered essential reading for understanding the challenges faced by the Eurozone and the policy debates surrounding its future.