The crisis in Europe is not over - it's getting worse. In this dramatic narrativ
e of Europe's economic rise and spectacular fall, Yanis Varoufakis, former finan
ce minister of Greece and 'the emerging rock-star of Europe's anti-austerity upr
ising' (Telegraph), shows that the origins of the recent collapse go far deeper
than our leaders are prepared to admit - and that we have done nothing so far to
fix them. In 2008, the universe of Western finance outgrew planet Earth.
Whe
n Wall Street imploded, a death embrace between insolvent banks and bankrupt sta
tes consumed Europe. Half a dozen national economies imploded and several more c
ame close. But the storm is far from over...From the aftermath of the Second Wor
ld War to the present, Varoufakis recounts how the Eurozone emerged not as route
to shared prosperity but as a pyramid scheme of debt with countries such as Gre
ece, Ireland, Portugal and Spain at its bottom.
