And The Weak Suffer What They Must?: Europe, Austerity and the Threat to Global Stability Audiobook (Free)

The crisis in Europe isn’t over, it’s getting worse. With this dramatic narrative of Europe’s economic rise and spectacular fall, Yanis Varoufakis, former fund minister of Greece, ‘the rising rock celebrity of Europe’s anti-austerity uprising’ (Telegraph), demonstrates the origins of the collapse move much deeper than our leaders are prepared to admit – and that people have done nothing at all so far to repair them.

In 2008, the universe of Traditional western finance outgrew the world. When Wall Street imploded, a death about And The Weak Suffer What They Must?: European countries, Austerity as well as the Danger to Global Stability embrace between insolvent banking institutions and bankrupt areas consumed Europe. Six national economies imploded and several more came close. But the surprise is far from over…

From the aftermath of the Second World War for this, Varoufakis recounts the way the eurozone emerged not as route to shared prosperity but like a pyramid scheme of debt with countries such as for example Greece, Ireland, Portugal and Spain at its bottom. Its woeful design ensured that collapse would be unavoidable and catastrophic. But because the hurricane got Europe’s leaders possess chosen a cocktail of more debt and harsh austerity rather than reform, making certain the weakest citizens of the weakest countries pay the price for the bankers’ mistakes, while doing nothing at all to prevent the next collapse. Instead, the rule of the greatest austerity for those suffering the greatest recessions has led to a resurgence of racist extremism. Once again, Europe can be a potent danger to global stability.

Drawing on the personal experience of his have negotiations with the eurozone’s financiers and offering concrete policies and alternatives, Varoufakis shows how exactly we concocted this mess and how exactly we can get out of it. AS WELL AS THE Weak Suffer What They Must? reminds us of our history to conserve Western european capitalism from itself.