Sunday, December 25, 2011

Manolopoulos, Greece's 'Odious' Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community (2011)

Jason Manolopoulos.
Greece's 'Odious' Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community.
London: Anthem Press, 2011.

Book information: Publisher; Google Books; Amazon.com.


Book Notices and Reviews:

Buttonwood, "Be aware of Greeks bearing books," The Economist, 08 June 2011.

Hamish McRae, "A tragedy, from the nation that invented it," The Independent, 12 June 2011.
Note: The title of this review is a symptom of the western Europeans' confusion of the ancient Greece they idealize from what they learned in school Classics versus the far less illustrious realities of modern Greece. That is, the culture that "invented" tragedy existed 2,500 years ago and has very little to do with modern Greece which has a corrupt underdeveloped third-world economy and whose government during its nearly (and only) 200 years of existence has been chronically indebted to western European powers.

Dereck Conway, "Greece's 'Odious' Debt written by Jason Manolopoulos," Epilogue, PressTV, 29 August 2011 (with guests Rodney Shakespeare and Marco Pietropoli).

"The book explores the historical legacy and psychological biases that have shaped an on-going drama. While leaders of the European Union criticize 'the markets' for destabilizing the single currency, Manolopoulos interrogates the shared beliefs of the EU and the investment banking community - and how they colluded for a decade in the illusion that lending huge sums to peripheral Euro zone countries was safe."
A very good introduction to the topics of this book.


Other Links:

Jason Manolopoulos, "You can blame the Greeks – but they have been betrayed by their leaders: Shocking examples of kleptocracy by the political elite explain the ferocity of the reaction. And it is this which has repercussions for the rest of Europe," The Independent, 18 June 2011.

"Odious debt," Wikipedia.

"European sovereign debt crisis," Wikipedia.

"2000s European sovereign debt crisis timeline," Wikipedia.

"Greek government debt crisis," Wikipedia.

"Argentine economic crisis (1999-2002)," Wikipedia.

"Optimum currency area," Wikipedia.

Yanis Varoufakis, the blog of a Greek economist who frequently discusses Eurozone issues.

Antonis Kamaras, "The Origins of the Greek Financial Crisis: Letter from Thessaloniki," Foreign Affairs, 13 December 2011.

Zero Hedge, has frequent reports on the Eurozone.

ekathimerini.com, news of Greece in English.

See also my recent post of links to Kyle Bass's letters to investors: link.