The European Financial Crisis: Why the Fate of the Euro Matters and What's at Stake
by John Authers
2020-07-15 21:11:41
The European Financial Crisis: Why the Fate of the Euro Matters and What's at Stake
by John Authers
2020-07-15 21:11:41
Will the Euro survive? Where is the European financial crisis headed? What will it mean for global and US markets? In this up-to-the-minute book, internationally respected "Financial Times" journalist John Authers illuminates today's European financi...
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Will the Euro survive? Where is the European financial crisis headed? What will it mean for global and US markets? In this up-to-the-minute book, internationally respected "Financial Times" journalist John Authers illuminates today's European financial crisis and the massive forces increasingly buffeting world and US economies. Authers explains why a strong recovery remains far away, why the risk of a disastrous "final" crisis remains terrifyingly real, and how investors can best navigate today's brutally challenging markets. "The European Financial Crisis "reveals why the 2010/2011 market rallies were so fearful, and why their underlying assumptions -- continued Chinese growth, bailouts, progress towards bank solvency, more easy "Fed" money -- have proven so tenuous. Above all, Authers shows how the Eurozone crisis uncovers today's worst unaddressed risk: the markets' loss of confidence in governments. This book offers profound new insights into underlying flaws in the banking system and the Eurozone's structure that remain unaddressed; how cheap money and bailouts have bought time that is rapidly running out; and the increasingly frightening signs of "perverse synchronization": forex, equity, credit, and commodity markets massively moving in tandem. He also offers specific recommendations for what policymakers can and must do now to restore the long-term health of the global markets.
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