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Laid Low: Inside the Crisis That Overwhelmed Europe and the IMF

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The latest book by journalist and author Paul Blustein to go behind the scenes at the highest levels of global economic policy making, Laid Low chronicles the International Monetary Fund’s role in the euro-zone crisis. Based on interviews with a wide range of participants and scrutiny of thousands of documents, the book tells how the IMF joined in bailouts that all too often piled debt atop debt and imposed excessively harsh conditions on crisis-stricken countries. As the author shows, IMF officials had grave misgivings about a number of these rescues, but went along at the insistence of powerful European policy makers - to the detriment of the Fund’s credibility, with disheartening implications for the management of future crises. The narrative ends with a tale of the clash between Greece’s radical Syriza government and the country’s creditor institutions that reached a dramatic climax in the summer of 2015.
Συγγραφέας: Blustein Paul
Εκδότης: MCGILL-QUEEN'S UNIVERSITY PRESS
Σελίδες: 492
ISBN: 9781928096252
Εξώφυλλο: Μαλακό Εξώφυλλο
Αριθμός Έκδοσης: 1
Έτος έκδοσης: 2016

Acronyms and Abbreviations . . . . . . . . . . . . . . . . . . . . . vii

Author’s Note and Acknowledgements . . . . . . . . . . . . . . . xi

1 An Arresting Development. . . . . . . . . . . . . . . . . . . . . 1

2 A Saga Worthy of Broad Public Concern . . . . . . . . . . . . 13

3 Existential Crisis. . . . . . . . . . . . . . . . . . . . . . . . . . 37

4 Egg on Many Illustrious Faces . . . . . . . . . . . . . . . . . . 61

5 Striking the Faustian Bargain . . . . . . . . . . . . . . . . . . 81

6 A Different Episode at a Different Sofitel . . . . . . . . . . . 105

7 “There Is No Plan B” . . . . . . . . . . . . . . . . . . . . . . 133

8 Chastity and Continence, But Not Yet . . . . . . . . . . . . 147

9 Offers That Ireland Couldn’t Refuse . . . . . . . . . . . . . . 165

10 Hypocrisy and Tortured Logic . . . . . . . . . . . . . . . . . 189

11 The Light Dusting . . . . . . . . . . . . . . . . . . . . . . . . 209

12 A Deal Is Not a Deal . . . . . . . . . . . . . . . . . . . . . . 235

13 Summit Follies. . . . . . . . . . . . . . . . . . . . . . . . . . 255

14 The Barber’s Shears . . . . . . . . . . . . . . . . . . . . . . . 279

15 Breaking the Vicious Cycle . . . . . . . . . . . . . . . . . . . 313

16 Getting Mojo Back . . . . . . . . . . . . . . . . . . . . . . . 345

17 Making Numbers Add Up . . . . . . . . . . . . . . . . . . . 373

18 How Do You Solve a Problem Like Syriza? . . . . . . . . . . 391

19 A Taste of Grexit. . . . . . . . . . . . . . . . . . . . . . . . . 417

20 Time to Rectify Travesty . . . . . . . . . . . . . . . . . . . . 449

Name Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 477

Paul Blustein, a CIGI senior fellow, is a former staff writer for The Washington Post and The Wall Street Journal. This is his fifth book.

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