Greekonomics

Economist Vicky Pryce reflects on the current crisis in the Euro zone - its causes and how Europe has responded.

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Shortlisted for Spear's Business Book of the Year Award 2013 The eurozone is in crisis. Spiralling debts, defaulting banks, high unemployment - the European dream of a united union appears to be over. All fingers point to the corrupt and greedy PIIGs: Portugal, Ireland, Italy, Greece and Spain. Profligate governments have exploited the system, squandered the benefits and now beg for bail-outs from those that prosper. But is it really that simple? Economist Vicky Pryce argues that, given the flaws at its conception, the eurozone has been doomed from the very start. Politicians ignored common sense and deliberately created a system based on political not economic motives. It was a recipe for disaster and Europe now reaps the whirlwind. Is it time for a Greek exit? Now comprehensively revised and updated, Greekonomics explores the history of the eurozone, lays bare the causes of the crisis and suggests a way out of the current mess.