"Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors

The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis, the most recent emergence of competitive...

Walking the Highwire tells the story of the Eurozone Crisis from the perspective of the former Vice-President of the European Commission who was responsible for Economic and Monetary Affairs in 2010-2014. It is a comprehensive European account that covers both events and decisions in Brussels...

1. Introduction -- 2. A Peripheral Finn in the Capital of Europe -- 3. Fire Brigade to Athens -- 4. Big Bazooka by Night -- 5. The Deauville Doomsday and Voldemort in Ireland -- 6. The Comprehensive Crisis Response -- 7. Summertime Blues in Italy -- 8. The Hour of Obama – and Don Camillo -- 9....