3 out of 5 stars....
This book is pretty good in describing the steps which led Europe to its
current problems and juxtaposed America's handling of its financial
mess which also became part of Europe's mess.
Anyway, the book
does think pretty much all financial markets have been tampered with
such that their future directions are more uncertain than usual. As for
Europe, more planning for the Euro should have happened especially since
there are significant problems remaining, mostly political. Weak
nations can be bailed out, but it is doubtful politics will allow that,
so probably too much austerity will still lead to real recovery being
delayed. The author does think it would be wise if a few of the
smaller/weaker nations left, but that still would leave Spain and Italy,
two nations too large to leave but with much different politics than
the strongest nations. So, it is hard to see things working out well in
the foreseeable future.
So, a good book in laying out what has
happened, but it doesn't seem to me there are any great revelations as
to what might happen.
No comments:
Post a Comment