Review of 'And the Weak Suffer What They Must?' on Goodreads
4 stars
A curious history of the EU and Eurozone culminating in the ongoing (10 years!) global banking crisis. Told almost exclusively through the lens of international finance and central banks, repeatedly emphasizing the structural imbalances always destined to make the Euro fail as long as there is a technocratic cartel lacking democratic political control over the value of money between surplus and deficit states. Plenty of digs at particular individuals and institutions from the 70s through those Varoufakis met with in his short term as finance minster of Greece attempting to negotiate a writedown of Greek debt rather than holding future Greek society liable for German and French bankers flagrant dismissal of risk or stability in pursuit of leverage.
