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Bust: Greece, the Euro and the Sovereign Debt Crisis by Matthew Lynn

Bust: Greece, the Euro and the Sovereign Debt Crisis Matthew Lynn ebook
Publisher: Wiley, John & Sons, Incorporated
Format: pdf
Page: 288
ISBN: 9780470976111

By 2010, a sovereign debt crisis--most pronounced in Greece--was spreading throughout the periphery and imperiling the future of the eurozone. Europe's PIIGs are in a poke, but U.S. Bust: Greece, the euro, and the sovereign debt crisis. Financieel journalist Matt Lynn, auteur van het boek “Bust: Greece, the Euro and the Sovereign Debt Crisis", heeft geen goed word over voor het akkoo. We know there's a Greek crisis, but what's the cause and why does it affect us? Our economics correspondents consider the fluctuations in the world economy and the policies intended to produce more booms than busts. Age of greed: the triumph of finance and the decline of America, 1970 to the present. States and municipalities risk their own sovereign debt crisis. The Janet & John Eurozone sovereign debt crisis explanation. What on earth is going on in Europe? Arguments of the form "America may soon face a situation like that in Greece" miss some pretty significant components of the Greek story. With the introduction of a common European currency came the belief that because a country such as Greece would use the same currency as Germany or the Netherlands its sovereign debt would be of equal standing. Looking over the list above, "euro-zone country with a large current-account deficit" is a vastly better predictor of crisis than "large debt load". The origin and propagation of the European sovereign debt crisis can be attributed to the flawed original design of the euro.