Laid Low: Inside the Crisis That Overwhelmed Europe and the IMF
Presentation | March 3 | 12-1 p.m. | 201 Moses Hall
Paul Blustein, Senior Fellow, Centre for International Governance Innovation
The latest book by journalist Paul Blustein to go behind the scenes at the highest levels of global economic policy making, Laid Low chronicles the crisis in the Euro Zone through the prism of the worlds financial firefighter, the International Monetary Fund. As the book reveals, bailouts of crisis-stricken countries all too often piled debt atop debt and imposed excessively harsh conditions as financial conflagration spread from Greece to Ireland, Portugal, Spain, Italy and Cyprus. The author lays bare how the IMF went along, despite grave misgivings, at the insistence of powerful European policy makersto the detriment of the Funds credibility, with disheartening implications for the management of future crises. The narrative concludes with the clash between Greeces radical Syriza government and the countrys creditor institutions that reached a climax in the summer of 2015.