debt without atonement? Why the fall in public finances are all true. s / w. Illustrations. bound kr. 175, - incl moms Everything you need to know about the debt crisis. Succinctly in three parts:
A small German financial history
The great state defaults of the past - and how it could have on the current situation
why States may go bankrupt
The fatal myth of national debt - and how it actually works
way Billion from the case
what should political leaders are
As citizens save their money
Can States go bust? Shall we bet? Kai A. Konrad, one of the most respected economists in Germany, and the economic journalist Holger Zschäpitz show how could occur on the current situation, why we are all affected and how to save money. Our future in Europe depends, as all the money. Now, when Greece and possibly other countries fall in the euro zone into financial difficulties and require the assistance of the international community, the course for the future of the euro and the European Union are made.
show Based on the latest economic research Kai A. Konrad and Holger Zschäpitz how it came to the massive increase in government debt, they draw historical parallels, expose, popular misconceptions and discuss realistic solutions. If we do not come out of the case trillion, threatens all of us - workers, retirees, investors - drastic consequences that rival the hyper-inflation and currency reforms, which Germany has seen in his story many times, in anything.
"This book is both fascinating and frightening, because it is about how Europe's politicians share with uncontrolled debt avalanche the future of our children at risk. Alleged bailouts for troubled states at the moment the political survival and lead but in the long run more and more debt until possibly collapsing the euro itself. How to avert the disaster yet the reader learns from a deep, rich and interesting facts written analysis of two highly competent authors. "
Hans-Werner Sinn, President of the Ifo Institute
" Kai A. Konrad and Holger Zschäpitz give analytical insight into the many reasons and abysses of state debt policy. "
Christine Scheel, Alliance 90/The Greens
"An excellent analysis of the debt crisis, its emergence and its consequences. This book will be one of the most important books of the year ¿for non-economists, "
Roland Berger, Roland Berger Strategy Consultants
" The authors are right to demand even at the Euro-level, a more efficient control of the national government finances. "
Hans Tietmeyer, president of the German Former Federal Bank
"Unlike its subject, the reading of the book a pleasure without remorse. Scientifically well-founded, wrote highly topical and fast '
Wolfgang Franz, chairman of the five economic "
" One and a half years after the Lehman bankruptcy are with the Greek crisis entire states declared as systemic risk and collected by Community bailout was. The authors criticize the rampant appetite for risk in financial markets, the consequences often borne by the general public. From this perspective, a better financial market regulation is needed to allow markets to properly reflect risk. A very readable reading, writing knowledgeably, with many historical parallels. "
Dr. Michael Heise, Allianz Chief Economist
Holger Zschäpitz is senior business editor at the" world "and the" Welt am Sonntag ", and writes regularly for" Cicero ". 1989 saw the native of Leipzig's first national bankruptcy personally gave him the big win: From the data processing for skilled workers could finally be a passionate economist and journalist
Prof. Dr. Kai A. Konrad is a director at the Max Planck Institute for Intellectual Property, Competition and Tax Law in Munich.. He is one of the strongest research German economists and a much sought-after consultant in media and politics, including the Scientific Advisory Board to the Federal Ministry of Finance.
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