Public Debt Dynamics of Europe and the U.S.
- Dimitris N. Chorafas, Independent Financial Consultant and Scholar
Our epoch has accepted the theory that leveraging is good for a person, a company or even a nation. This has led to the debt syndrome and its disastrous aftereffects. Throughout the book evidence emerges that piling up public debt can lead to an unmitigated disaster. This is demonstrated through case studies on Greece, Spain, Italy, France and the United States – in short, those western countries that nowadays have lost control of their senses and of their economy.
This book uses real life examples, using case studies as evidence of good and bad approaches to social, economic and financial life. Live events also help as undisputable demonstrators of successes and failures in the search for solutions in getting out of the hole western governments find themselves. As Denis Healey, a former British chancellor of the Exchequer, once said: “The first law of holes is that if you are in one stop digging.”
Researchers and practitioners working on economics, public health economics and public administration
- Published: October 2013
- Imprint: ELSEVIER
- ISBN: 978-0-12-420021-0
Table of Contents
PART ONE: THE WEST TODAY
Chapter 1 Globalization of a Casino Society
Chapter 2 Kingdoms of Debt
Chapter 3 Options for this Decade
PART TWO: DESTINY IN THE LAND OF HOMER
Chapter 4 The Greek Economy Pays the Price of Drift
Chapter 5 Impact of Bailouts on the Economy of a Sovereign
Chapter 6 Drachmageddon: Exit from Euroland and Bankruptcy ? or Bankruptcy Within Euroland ?
PART THREE: CASE STUDIES WITH TEETERING SOVEREIGNS
Chapter 7 Spain in Free Fall
Chapter 8 Italy Tries a U-Turn on the Road to Nowhere
Chapter 9 France Is Not Italy. True or False?
PART FOUR: WHO KILLED THE GOLDEN EAGLE?
Chapter 10 Public Health Care Is the No. 1 Suspect
Chapter 11 Public Debt, Balanced Budgets and Current Accounts
Chapter 12 The Merger of Quantitative Easing and Politics Is the No. 2 Suspect
PART FIVE: RETURNS ARE NOT RISING FOREVER
Chapter 13 Storm Clouds Over the BRICs
PART SIX: WHICH THERAPY? WHERE ARE THE DOCTORS ?
Chapter 14 Iceland, Latvia, Ireland, Britain, Germany and a Taste of Fantasy Economics
Chapter 15 Ineptocracy and the New Policy of Grabbing
Case Study and Conclusion
Ineptocracy, Trickery and Politics: Euroland and the Italian Way