Publisher's Synopsis
In August of 2007, the debt-fuelled bubble that had created an illusion of prosperity across the western world burst, leading to an international financial crisis of unprecedented scale and duration. Nevin analyses the causes of the crisis in clear and understandable terms, and explains why successive attempts to tackle it by bank bailouts, quantitative easing and other piecemeal responses have failed. He predicts that the Euro cannot survive in its present form, while dollar instability and the inexorable rise in sovereign debt will continue to hamper economic growth.
