The crisis in European countries is not over, it’s getting worse. In this dramatic narrative of Europe’s financial rise and spectacular fall, Yanis Varoufakis, previous finance minister of Greece, ‘the emerging rock star of Europe’s anti-austerity uprising’ (Telegraph), demonstrates the origins from the collapse proceed considerably deeper than our leaders are prepared to admit – and that people have done nothing at all so far to fix them.

In 2008, the universe of Western finance outgrew the world. When Wall Road imploded, a death about AS WELL AS THE Weak Suffer What THEY NEED TO?: Europe, Austerity as well as the Threat to Global Balance embrace between insolvent banks and bankrupt claims consumed Europe. Six nationwide economies imploded and several more emerged close. But the storm is definately not over…

Through the aftermath of the next World War to the present, Varoufakis recounts the way the eurozone emerged not as route to shared prosperity but as a pyramid scheme of debt with countries such as Greece, Ireland, Portugal and Spain at its bottom level. Its woeful design guaranteed that collapse will be unavoidable and catastrophic. But because the hurricane landed Europe’s leaders have got selected a cocktail of even more debt and severe austerity instead of reform, making certain the weakest citizens from the weakest nations pay the purchase price for the bankers’ errors, while doing nothing at all to prevent another collapse. Rather, the concept of the best austerity for those suffering the greatest recessions has resulted in a resurgence of racist extremism. Once again, Europe is a potent risk to global balance.

Drawing on the personal experience of his own negotiations with the eurozone’s financiers and giving concrete policies and alternatives, Varoufakis shows how exactly we concocted this clutter and how exactly we can get from it. AS WELL AS THE Weak Suffer What THEY NEED TO? reminds us of our history in order to save European capitalism from itself.