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Description - Bust by Matthew Lynn

Athens, Greece ? May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a 100-billion Euro rescue package for the country. The Greek Prime Minister, George Papandreou had agreed to a savage package of ?Austerity Measures? involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse ? with the world?s financial markets watching to see if the deal cobbled together would be enough to both calm the markets, rescue the Greek economy, and with it the Euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis leading market commentator Matthew Lynn blends financial history, politics and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and potentially, the global financial system to its knees. Bust: Greece, the Euro, and the Sovereign Debt Crisis is a story of government deceit, unfettered spending, and cheap borrowing. As well as charting Greece?s rise, and spectacular fall from grace, it looks at the global repercussions of a financial disaster that shows many of the hallmarks of the Lehman Brother?s debacle. It looks at how the Greek contagion has spread like wildfire through Europe, and, as the global financial community looks on in concern, ?club Med?, or ?PIGGS? countries succumb to its influence. And of course, no financial crisis is complete without Goldman Sachs and murky deals, as the author explores how speculators and derivatives traders compounded the problem.

Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is a lively and engaging account of a country gone wrong, for anyone interested in world events and global economics.

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Book Details

ISBN: 9780470976111
ISBN-10: 047097611X
Format: Hardback
(237mm x 163mm x 26mm)
Pages: 288
Imprint: John Wiley & Sons Ltd
Publisher: John Wiley and Sons Ltd
Publish Date: 17-Dec-2010
Country of Publication: United Kingdom

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Author Biography - Matthew Lynn

MATTHEW LYNN is an experienced financial writer and commentator. He is a business and economics commentator for Bloomberg Television, a columnist for Bloomberg News , as well as MoneyWeek in the UK, and a regular contributor to the Spectator magazine in London. Before that, Lynn worked for the Sunday Times in London for ten years as a business writer and columnist. As Matt Lynn, he is also the author of the Death Force series of military thrillers published by Hodder Headline.