idw - Informationsdienst
Wissenschaft
11/29/2016 - 11/29/2016 | Berlin
The latest book by journalist and author Paul Blustein to go behind the scenes at the highest levels of international economic policymaking, Laid Low chronicles the International Monetary Fund’s role in the euro zone crisis. Opening with the sensational arrest of IMF Managing Director Dominique Strauss-Kahn during a pivotal point in the crisis, the book makes clear that this sordid episode was only one in a series of setbacks for the IMF as financial conflagration spread from Greece to Ireland, Portugal, Spain, Italy and Cyprus — threatening to engulf a region comprising nearly one-fifth of world economic output.
The author lays bare how the IMF joined in bailouts that all too often piled debt atop debt and imposed excessively harsh conditions on crisis-stricken countries. As the book reveals, IMF officials had grave misgivings about many of these rescues but went along at the insistence of European policymakers—to the detriment of the Fund’s credibility, with disheartening implications for the management of future crises. The narrative ends with a tale of the clash between Greece’s radical Syriza government and the country’s creditor institutions that reached a dramatic climax in the summer of 2015.
Reviewers from leading publications have lauded Blustein’s previous books on financial crises as “gripping,” “riveting,” “authoritative,” and “superbly reported.” The Economist said his first book “should be read by anyone wanting to understand, from the inside, how the international financial system really works.” That is all the more true of Laid Low, where Blustein again masterfully applies journalistic skills and methods — in-depth interviews, confidential documents, financial forensics and the craft of great storytelling — to recount the biggest and most risk-laded crisis the IMF has ever faced.
Information on participating / attending:
If you wish to attend, please register online: https://www.hertie-school.org/index.php?id=3095
Date:
11/29/2016 18:00 - 11/29/2016 19:30
Event venue:
Hertie School of Governance
Friedrichstraße 180
Forum, 1st floor
10117 Berlin
Berlin
Germany
Target group:
all interested persons
Email address:
Relevance:
regional
Subject areas:
Economics / business administration, Politics
Types of events:
Presentation / colloquium / lecture, Seminar / workshop / discussion
Entry:
11/18/2016
Sender/author:
Faye Freyschmidt
Department:
Pressestelle
Event is free:
yes
Language of the text:
English
URL of this event: http://idw-online.de/en/event56078
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