Europe's financial crisis : a short guide to how the euro fell into crisis, and the consequences for the world / John Authers.

Format:

Book

Author/Creator:

Authers, John, 1966-

Language:

English

Subjects (All):

Monetary policy--European Union countries.

Monetary policy.

Banks and banking--European Union countries.

Banks and banking.

Global Financial Crisis, 2008-2009.

European Union countries--Economic conditions--21st century.

European Union countries.

Physical Description:

1 online resource (1 v.) : ill.

Edition:

1st edition

Place of Publication:

Upper Saddle River, N.J. : FT Press, c2013.

System Details:

text file

Summary:

Will the Euro survive? Where is the European financial crisis headed? What will it mean for global and US markets? In this short book, internationally respected Financial Times journalist John Authers illuminates today's European financial crisis and the massive forces increasingly buffeting world and US economies. Authers explains why a strong recovery remains far away, why the risk of a disastrous "final" crisis remains terrifyingly real, and how investors can best navigate today's brutally challenging markets. The European Financial Crisis reveals why the 2010/2011 market rallies were so fearful, and why their underlying assumptions -- continued Chinese growth, bailouts, progress towards bank solvency, more easy "Fed" money -- have proven so tenuous. Above all, Authers shows how the Eurozone crisis uncovers today's worst unaddressed risk: the markets' loss of confidence in governments. This brief discussion offers insights into underlying flaws in the banking system and the Eurozone's structure that remain unaddressed; how cheap money and bailouts have bought time that is rapidly running out; and the increasingly frightening signs of "perverse synchronization": forex, equity, credit, and commodity markets massively moving in tandem. He also offers specific recommendations for what policymakers can and must do now to restore the long-term health of the global markets.

Notes:

Includes bibliographical references and index.

Description based on print version record.

OCLC:

822336283