Summary of Bust
Greece, the Euro and the Sovereign Debt Crisis
A Greek tragedy: Could the country that gave democracy to the world bring down the global financial system?
For a relatively small country, Greece has made outsized contributions to the world: mythic legends and heroes, great art and architecture, illuminating philosophers and thinkers, and the very word “democracy.” Yet the nation that invented the Greek tragedy is living its own version of one today, dealing with fatal flaws that threaten to spread its suffering to the rest of Europe and beyond. Journalist Matthew Lynn dissects the origins of Greece’s debt crisis and relates how the dream of a united Europe has led to what he predicts is the euro’s imminent downfall. His dry, witty, clever writing style provides some relief around the all-too-real events he recounts and the dramatic prospects he predicts. getAbstract recommends this modern-day tale of unfolding human tragedy that’s going to need a deus ex machina to bring catharsis and resolution.
In this summary, you will learn
- Why the European Union created the euro,
- How Greece managed its way into the common currency and
- How the Greek debt crisis imperils the euro.
Comment on this summary
5 years agoI found this summary a good read to educate me on the history of the Euro and the problems embedded in Greece. Since Greece and now Italy are making headlines almost every day, I would recommend this abstract.
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