Welcome to the new Anthem Press website, currently in BETA mode. The fully functional and updated site will be live soon!

Greece's 'Odious' Debt

Greece's 'Odious' Debt

The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community

By Jason Manolopoulos

This book analyses the causes of the current Eurozone and Greek crisis. Jason Manolopoulos combines his experience of the global financial system, European politics and Greek society, to explore the economic policies, historical legacy, psychological biases that have shaped an ongoing drama.

Paperback, 304 Pages

ISBN:9780857287717

May 2011

£16.99, $29.95

More Retailers>

  • About This Book
  • Reviews
  • Author Information
  • Series
  • Table of Contents

About This Book

For more information please visit the book website:

http://greecesodiousdebt.anthempressblog.com/

Jason Manolopoulos combines his experience of the global financial system, European politics and Greek society to demonstrate how one of the EU’s smaller countries played a catalytic role in a crisis that threatens the future of the euro, and possibly even of the European Union itself.

He explores the historical legacy and psychological biases that have shaped an ongoing drama. While leaders of the European Union criticise ‘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 eurozone countries was safe.

Policy and investment errors bear marked similarities with earlier financial crises – in particular the Exchange Rate Mechanism system and the Argentine debt crisis. This inability to learn history’s recent lessons begs fundamental questions of policy making, which this book discusses.

Greek society also comes under scrutiny, as shocking details of a kleptocratic political class and a wasteful public sector are revealed. Manolopoulos traces these developments back to dictatorship and civil war, but argues that there is no excuse for their continuation in a modern democracy.

Reviews

'The graphic portrait of a deeply troubled country and the shocking story of the failure of past and present economic experts to grasp the nature of the problems.' —Thomas Mayer, Chief Economist, Deutsche Bank


'A fascinating account of the crisis-ridden saga of Greece and a wider European economy prompted by the superficial nature of Europe’s political process, its institutions, and the impunity of its leaders. Psychologically insightful and gritty in his practical recommendations, Manolopoulos possesses a knack for chiselled and punchy prose – all of which make the read a pleasurable must.' —Guerman Aliev, CEO of Altpoint Capital Partners


'Incisive and engaging, this book provides a unique perspective on the Greek crisis by combining a thoughtful analysis of Greek society and economy with one of politics at the EU level and of global financial markets.' —Dr Dimitri Vayanos, Professor of Finance and Director of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality, London School of Economics


'Manolopoulos brings the Greek debt crisis into historical perspective, providing an insightful analysis of what went wrong. This book is essential reading for everybody who wants to understand the challenges the Eurozone is facing.' —Michael Ganske, Head of Emerging Markets Research, Commerzbank


'Through a critical but accessible discussion of key conventions in economics and finance and ample presentation of anecdotal material, this book offers a unique introspective look into Greek socio-political culture and how this, combined with the fallacies and excesses of the international financial system and the EMU architecture, led to what the author calls ‘Greece’s Odious Debt’.' —Dr Vassilis Monastiriotis, Hellenic Observatory, European Institute, London School of Economics

Author Information

Jason Manolopoulos is the co-founder of the emerging markets hedge fund Dromeus Capital, an alternative asset management firm focusing on macro and special situations investments in emerging markets.

Series

Anthem Finance

Anthem European Studies

Table of Contents

1. From Buenos Aires to Athens; 2. Getting Lucky; 3. The Euro: A Hard Sell, or a Mis-sell?; 4. Western Branding, Eastern Legacy: A Country on a Fault-line; 5. The Looting of Greece: Scandals, Corruption and a Monstrous Public Sector; 6. Getting Unlucky: It All Begins to Unravel; 7. The Euro in Practice; 8. Liquidity Boom; 9. The Entertainers; 10. A Temporary Bail-out? A Crisis Made Worse by Satisficing; 11. The Man in the Arena; Notes; Index; INDEX 2

Latest Tweets

  • In November we're publishing a new title 'Environmental Problem-Solving' by MIT staff Lawrence Susskind, Bruno Verd… https://t.co/PCx3iqGexR

    - 00:12:26 on 14/09/2019
  • The paperback edition of our festschrift honoring the work of Edward A. Tiryakian entitled 'The Art and Science of… https://t.co/bJmPGgkDe5

    - 00:12:26 on 13/09/2019
  • RT @ColetteGrace: announcing the 2020 publication in the Keith/Mazzucelli @AnthemPress Series by @IdentityWoman, The Domains of Identity, w…

    - 00:12:26 on 12/09/2019
  • The Book Review Literary Trust has produced a substantial review of British Women Missionaries in Bengal by Sutapa… https://t.co/D8PPgyif5O

    - 00:12:26 on 11/09/2019
  • “Structure, Agency, Biotechnology” argues the importance of sociological theory in studying agricultural biotechnol… https://t.co/F86DoZWxdF

    - 00:12:26 on 10/09/2019
  • Read an exciting review of Anthem title, 'Resolving Land and Energy Conflicts' by Patrick Field, Tushar Kansal, Cat… https://t.co/Lhc5ALhYH6

    - 00:12:26 on 07/09/2019
  • Read a @SelvaVoyage review of one of our excellent newer titles, 'Keywords for Travel Writing Studies'.… https://t.co/JeQ1zz5Jx7

    - 00:12:26 on 06/09/2019
  • RT @ReVisionGuelph: CALL FOR PROPOSALS: Literature, Film, and the Politics of Health (essay collection). Edited by Sarah Blanchette and Nei…

    - 00:12:26 on 05/09/2019
  • RT @AntipodesLit: We're excited to see that @AnthemPress has released a new title in its Anthem Studies in Australian Literature and Cultur…

    - 00:12:26 on 05/09/2019
  • RT @SelvaVoyage: #reviews Professor Robert Sayre's review of @charlesforsdick, @kinsley and @kathrynwalchest (eds.), Keywords for Travel W…

    - 00:12:26 on 05/09/2019