Inside the Euro Crisis: An Eyewitness Account (Policy Analyses in International Economics) pdf epub –

In midSimeon Djankov, who had dealt with a variety of economic and financial crises as chief economist for finance and private sector development at the World Bank, was suddenly thrust into the job of finance minister of his native Bulgaria For nearly four years in that post, he attended thanmeetings of European finance ministers and had a front row seat at the intense discussions and struggles to overcome the economic and financial crisis that threatened to unravel the historic undertaking of an economically integrated EuropeIn this personal account, Djankov details his odyssey on the front lines, observing Europes fitful efforts to contain crises in Greece, Hungary, Ireland, Portugal, Spain, Italy, Cyprus, and France He tells the inside story of how the European Central Bank assumed responsibility for the crisis, pledging to do whatever it takes to save the euro area This candid book recounts the disagreements over fiscal austerity, monetary policy, and banking supervision, while focusing on the personalities who promoted progress and those who opposed it He also tells the dramatic story of the events that led to his own resignation as finance minister inover the policies he was pursuing to spare Bulgaria from getting sucked into the crisis

1 thoughts on “Inside the Euro Crisis: An Eyewitness Account (Policy Analyses in International Economics)

  1. World Traveller World Traveller says:

    Interesting commentary from someone who was at the table Wrong about the start of the Greek crisis Euro Finance Ministers were warned at the start of October 2009 but didn t see the systemic risk until markets shifted three weeks later.