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

 Institute of European Studies

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 world’s 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 makers—to the detriment of the Fund’s credibility, with disheartening implications for the management of future crises. The narrative concludes with the clash between Greece’s radical Syriza government and the country’s creditor institutions that reached a climax in the summer of 2015.

 deoadao@berkeley.edu, 510-643-0980