And the Weak Suffer What They Must?: Europe, Austerity and the Threat to Global Stability

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9781784704117: And the Weak Suffer What They Must?: Europe, Austerity and the Threat to Global Stability
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**THE SUNDAY TIMES NUMBER ONE BESTSELLER**

The most recognisable economist on the planet, Yanis Varoufakis, puts forth his case to reform an EU that currently fails it weakest citizens.

In this startling account of Europe’s economic rise and catastrophic fall, Varoufakis pinpoints the flaws in the European Union’s design – a design thought up after the Second World War, and one responsible for Europe’s fragmentation and resurgence of racist extremism.

When the financial crisis struck in 2008, the political elite’s response ensured it would be the weakest citizens of the weakest nations that paid the price for the bankers’ mistakes. Drawing on his personal experience of negotiations with the eurozone’s financiers, and offering concrete policies to reform Europe, the former finance minister of Greece shows how we concocted this mess and points our way out of it.

And The Weak Suffer What They Must? highlights our history to tell us what we must do to save European capitalism and democracy from the abyss. With the future of Europe under intense scrutiny after Brexit, this is the must-read book to explain Europe's structural flaws and how to fix them.

'If you ever doubt what is at stake in Europe - read Varoufakis's account' Guardian

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Review:

"If you ever doubt what is at stake in Europe, read Varoufakis’s account" (Guardian)

"An outstanding economist and political analyst. His remarkable talents are fully on display in his recent study of Europe’s crisis, a most revealing and perceptive analysis of the development of the global economy in the past half century and their grim consequences now threatening Western societies" (Noam Chomsky)

"An absolutely splendid book... What Yanis really shows is that the European project had a democratic deficit from the origin and design... The Thucydides of our time" (Jeffrey Sachs)

"One of my few heroes...his achievements are incredibly important...to save what is worth fighting for in Europe...Yanis tried to do the right thing – to remain within the EU and disturb from within. That is why he was such a threat...wonderfully written, complex, a book which is set to provoke our rage...to make us think, and that’s what we need today. As long as people like Yanis are around, there still is hope" (Slavoj Zizek)

"A very, very clever person, and in the basic argument about what’s been going on in Europe I think he’s right" (Martin Wolf)

"A devastating account" (Andrew Marr)

"A scholar, writer, philosopher of clarity, insight, generosity and engaging prose, not to mention integrity and courage" (James Galbraith)

"A brilliant economist" (Bloomberg)

"Few finance ministers have such a talent for economics as Yanis Varoufakis" (Joseph Stiglitz, Winner of the Nobel Prize for Economics)

"Highly readable. It is also important, outlining a perspective on global economics that influences policy thinking in broader circles than the radical left ... deeply instructive" (Financial Times)

Book Description:

The world-renowned economist and former Greek finance minister presents a devastating critique of how Europe has mishandled the Eurozone crisis, offering concrete reforms for how we can save European capitalism and democracy from itself

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