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I was totally enthralled by this book. Having following the Greek 2015/16 "Financial Crisis", and in particular watching Varufakis take on Schuebler, I was fascinated by the inside story.
this is a waterfall book. it will suck you in and you will feel simultaneously drowning and full of energy while falling to the depths of despair that is the eurogroup and the greek political reality. a great book about the modern interpretation of the morality of debt in the greek tragedy of 2015 to be understood within the larger context of the debt bibliography, especially Debt: The first 5000 years. Excellent. The narration is a bit underwelming especially on the names.
I have to admit to being an admirer of Yanis Varoufakis (fans, as well as foes, are something he professes not to court near the end of the book). I have read his other books, those being more technical in nature, and better suited to a format where it is easier to re-read sections. This was the first of his books that I have listened to on Audible and, being largely a historical account of events, with only a little 'theory', the format works well.
The story it tells is a scary one of how the powers of the troika brought both Greece and him down, by slowly and insidiously turning his own colleagues against him. There is nothing of self pity in his tale of how he remains charged with high treason in Greece; Varoufakis proudly makes a convincing case of how his analysis of the situation and push for debt restructuring and tax reform was the correct, and probably only, course of action that had any hope of rescuing Greece from perpetual debt bondage. In this we see that he was supported not just by Norman Lamont and Emmanuel Macron, but that even Wolfgang Schäuble and Christine Lagarde knew his analysis was ultimately correct.
As a reluctant remainer I dread the days ahead as the British Government tries to negotiate our Brexit with Europe's "Deep Establishment" as they are clearly the slippery and dangerous cabal that Varoufakis potrays in this excellent and important book.
13 of 13 people found this review helpful
A very insightful look into the proceedings in Greece. I have had a career in fund management, but feel that macroeconomic and econometric detail, which could be quite technical to the layman, was explained in an accessible way. Lovely stuff.
4 of 4 people found this review helpful
Interesting story, worth reading (or listening). As an open minded person I find Varoufakis someone worth listening to. Not always practical in the real world, which does not consist of rational and fair people. Also, Varoufakis adds his flavour on things, and some twisting of situations to support his message, but hey, who doesn't. I think he is more realistic than many others in past and present governments about situations and possible solutions. And that comes from someone with center-right tendencies.
I find the performance of the narrator a little frustrating. It gives the narration an aggression flavour which is not typical of Varoufakis and may be damaging the message of the book.
1 of 1 people found this review helpful
I'm glad I read this book. It opened my eyes to the goings on in the European Union. I did find myself wondering if the book was a bit one sided. I guess we all have our own point of view. Being Australian, I don't know much about the politics on that side of the world, but this book gave me a good introduction and I'll be looking for more now in an attempt to get a balanced view. Poor Greece! I do get the feeling they've been made an example. It reminds me of the Grameen Bank - Greece needs a Grameen Bank that will help get it back on its feet.
2 of 3 people found this review helpful