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After being swept into power with the left-wing Syriza party, Varoufakis attempts to renegotiate Greece's relationship with the EU--and sparks a spectacular battle, with global implications. Varoufakis's new position sends him ricocheting between mass demonstrations in Athens, closed-door negotiations in drab EU and IMF offices, and furtive meetings with power brokers in Washington, D.C. He consults and quarrels with Barack Obama, Emmanuel Macron, Christine Lagarde, the economists Larry Summers and Jeffrey Sachs, and others, as he struggles to resolve Greece's debt crisis without resorting to punishing austerity measures. But despite the mass support of the Greek people and the simple logic of his arguments, Varoufakis succeeds only in provoking the fury of Europe's elite. Varoufakis's unvarnished memoir is an urgent warning that the economic policies once embraced by the EU and the White House have failed--and spawned authoritarianism, populist revolt, and instability throughout the Western world.
The book chronicles Yanis Varoufakis's tumultuous tenure as Greece's Finance Minister during the height of the nation's debt crisis. Varoufakis details his attempts to navigate the complex and often adversarial landscape of international finance and European politics, aiming to secure a deal that would alleviate Greece's debt without imposing further austerity. He recounts his interactions with global leaders and economic power brokers, highlighting the clash between his proposed solutions and the entrenched interests of the European elite. The narrative serves as a critical examination of the economic policies that Varoufakis argues have led to widespread instability.
The book is regarded as a candid and often scathing memoir from a key figure in the Greek debt crisis. It offers a firsthand perspective on the high-stakes negotiations and the political machinations within the Eurozone. The narrative is noted for its detailed account of Varoufakis's efforts to challenge the prevailing austerity policies and his critical stance towards the European elite. The work serves as a warning about the consequences of specific economic policies on democratic societies and global stability.
Page Count:
560
Publication Date:
2018-01-01
ISBN-10:
0374538050
ISBN-13:
9780374538057
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