Welcome to the Poisoned Chalice : The Destruction of Greece and the Future of Europe / James K. Galbraith.

Format:

Book

Author/Creator:

Galbraith, James K., Author.

Language:

English

Subjects (All):

Greece--Economic conditions--1974-.

Greece.

Greece--Economic policy--1974-.

Physical Description:

1 online resource (228 p.)

Place of Publication:

New Haven, CT : Yale University Press, [2016]

Language Note:

In English.

Summary:

A world-renowned economist offers cogent and powerful reflections on one of the great avoidable economic catastrophes of the modern era The economic crisis in Greece is a potential international disaster and one of the most extraordinary monetary and political dramas of our time. The financial woes of this relatively small European nation threaten the long-term viability of the Euro while exposing the flaws in the ideal of continental unity. ";Solutions"; proposed by Europe's combined leadership have sparked a war of prideful words and stubborn one-upmanship, and they are certain to fail, according to renowned economist James K. Galbraith, because they are designed for failure. It is this hypocrisy that prompted former finance minister Yanis Varoufakis, when Galbraith arrived in Athens as an adviser, to greet him with the words "Welcome to the poisoned chalice." In this fascinating, insightful, and thought-provoking collection of essays-which includes letters and private memos to both American and Greek officials, as well as other previously unpublished material-Galbraith examines the crisis, its causes, its course, and its meaning, as well as the viability of the austerity program imposed on the Greek citizenry. It is a trenchant, deeply felt commentary on what the author calls "economic policy as moral abomination," and an eye-opening analysis of a contemporary Greek tragedy much greater than the tiny economy of the nation itself.

Contents:

Frontmatter

Contents

One. Welcome to the Poisoned Chalice

Part I. 2010-2014

Two. Europe's Crisis: Thinking It Through to the End

Three. Greece and the European Project

Four. A Question of Moral Responsibility

Five. Neither Austerity nor Growth: Solidarity Is Europe's Only Hope

Six. The Victory of Syriza Is Not Against American Interests / Varoufakis, Yanis

Seven. The United States and Europe: What Is Going On?

Part II. 2015

Eight. The Greek Hope

Nine. A Message to Sarah Raskin

Ten. A Comment on the Way Forward

Eleven. America Must Rally to Greece

Twelve. Reading the Greek Deal Correctly

Thirteen. A Great German Greek Grexit Game?

Fourteen. The Political Level

Fifteen. A Report from Athens

Sixteen. Does Europe Need Debt Relief?

Seventeen. Long-Term Strategy Through a Realistic Lens

Eighteen. Strategic Options

Nineteen. A Further Message to Sarah Raskin

Twenty. The Greek Drama and Democracy in Europe

Twenty-One. Notes on the Meeting, Varoufakis-Schäuble, June 8, 2015

Twenty-Two. What Is Reform? The Strange Case of Greece and Europe

Twenty-Three. What Can Happen in the Next Days?

Twenty-Four. Bad Faith: The IMF and Europe on Greece

Twenty-Five. Only the "No" Can Save the Euro

Twenty-Six. Nine Myths About the Greek Referendum

Twenty-Seven. What Is the Matter with Europe?

Twenty-Eight. Exit Made Easy

Twenty-Nine. Greece, Europe, and the United States

Thirty. Plan B

Thirty-One. Statement on the Ministry of Finance Working Group

Thirty-Two. A Note to the Editors at the Guardian

Thirty-Three. Death Spiral Ahead?

Thirty-Four. The Future of Europe

Thirty-Five. What the Greek Memorandum Means / Munevar, Daniel

Thirty-Six. Back to Square Zero

Thirty-Seven. A Final Word: Madrid, October 21, 2015

Appendix: A Summary of Plan X

Acknowledgments

Notes

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Feb 2020)

ISBN:

0-300-22422-2

OCLC:

950613575