Greece’s ’Odious’ Debt

This timely volume on the history, politics and psychology underpinning the current Greek economic crisis examines the effects of mismanagement, wishful thinking and graft at institutional, national and EU levels and applies the lens of behavioral economics to provide a concise overview of the current situation and asks hard questions about who is responsible and what can be done. Manolopoulos, an emerging markets hedge fund manager, goes so far as to suggest that perhaps the debts of this era, in Greece and other nations around the EU, may in fact be odious debts, incurred by corrupt and malfeasant political elites, with no benefit to citizens, that should be dishonored rather than shouldered by marginalized citizens. Distributed by Books International, Inc. Annotation 穢2011 Book News, Inc., Portland, OR (booknews.com)