Europe's Financial Crisis: A Short Guide to How the Euro Fell Into Crisis and the Consequences for the World
Greece. Ireland. Spain. Italy. Will the Euro survive?What if it doesn’t? What happens next? How can you protect yourself?“In another highly readable and insightful book, John Authers provides an elegant and concise analysis of Europe’s current economic and political problems. Read this if you wish to understand not just why Europe is in crisis, but also what it takes to overcome it. And remember, unlike the Las Vegas ad, what happens in Europe, good or bad, does not stay there!”—Mohamed A. El-Erian, PIMCO CEO and co-CIO, and author ofWhen Markets CollideWhere is the Eurozone financial crisis leading? What will it mean for global and U.S. markets? In this brief book, leadingFinancial Timesjournalist John Authers illuminates today’s European financial crisis and the massive forces increasingly buffeting the world and U.S. economies. Authers explains why a strong recovery remains far away…why underlying flaws in the banking system remain dangerous… how the Eurozone’s flawed structure helped to bring the U.S. debt crisis across the Atlantic…why the risk of a catastrophic “final” crisis remains real and dangerous… and what all this means to the markets and investors.