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  • Published: 30 January 2017
  • ISBN: 9781784704117
  • Imprint: Vintage
  • Format: Paperback
  • Pages: 336
  • RRP: $22.99

And the Weak Suffer What They Must?

Europe, Austerity and the Threat to Global Stability

The world-renowned economist and former Greek finance minister presents a devastating critique of how Europe has mishandled the Eurozone crisis, offering concrete reforms for how we can save European capitalism and democracy from itself


The most recognisable economist on the planet, Yanis Varoufakis, puts forth his case to reform an EU that currently fails it weakest citizens.

In this startling account of Europe’s economic rise and catastrophic fall, Varoufakis pinpoints the flaws in the European Union’s design – a design thought up after the Second World War, and one responsible for Europe’s fragmentation and resurgence of racist extremism.

When the financial crisis struck in 2008, the political elite’s response ensured it would be the weakest citizens of the weakest nations that paid the price for the bankers’ mistakes. Drawing on his personal experience of negotiations with the eurozone’s financiers, and offering concrete policies to reform Europe, the former finance minister of Greece shows how we concocted this mess and points our way out of it.

And The Weak Suffer What They Must? highlights our history to tell us what we must do to save European capitalism and democracy from the abyss. With the future of Europe under intense scrutiny after Brexit, this is the must-read book to explain Europe's structural flaws and how to fix them.

'If you ever doubt what is at stake in Europe - read Varoufakis's account' Guardian

  • Published: 30 January 2017
  • ISBN: 9781784704117
  • Imprint: Vintage
  • Format: Paperback
  • Pages: 336
  • RRP: $22.99

About the author

Yanis Varoufakis

Yanis Varoufakis is the former finance minister of Greece and the author of a memoir, Adults in the Room, and a history, And the Weak Suffer What They Must?, which reveal and explain the catastrophic mishandling of Europe since the financial crisis. Both were number one bestsellers. His latest bestseller is Talking To My Daughter About the Economy: A Brief History of Capitalism. Born in Athens in 1961, Yanis Varoufakis was for many years a professor of economics in Britain, Australia and the USA before he entered government and is currently Professor of Economics at the University of Athens. Since resigning from Greece's finance ministry he has co-founded an international grassroots movement, DiEM25, campaigning for the revival of democracy in Europe and speaks to audiences of thousands worldwide.

yanisvaroufakis.eu / @yanisvaroufakis

Also by Yanis Varoufakis

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Praise for And the Weak Suffer What They Must?

The emerging rock star of Europe’s anti-austerity uprising


The most interesting man in the world

Business Insider

A global celebrity


Few finance ministers have such a talent for economics as Yanis Varoufakis

Joseph Stiglitz, Winner of the Nobel Prize for Economics

The biggest disaster for any of the BBC’s news and current affairs slate would be The Yanis Varoufakis Show on another network

Mark Lawson, Guardian

A brilliant economist


A very, very clever person, and in the basic argument about what’s been going on in Europe I think he’s right

Martin Wolf

It is important to take note of the ideas that Varoufakis continues to espouse … the essence of [his] agenda was – and remains – largely correct

Mohamed El-Erian

A man of integrity and intellectual honesty … a superb monetary economist whose credentials outshine those who have bewitched European governmental elites… His economic logic was irrefutable

Professor Michael Brenner

If you ever doubt what is at stake in Europe, read Varoufakis’s account


Highly readable. It is also important, outlining a perspective on global economics that influences policy thinking in broader circles than the radical left ... deeply instructive

Financial Times

An account of how the forces of capital have prevailed over the common good ... visionary

The Times

A devastating account

Andrew Marr

While this British Conservative minister might not agree with every single position adopted by this Greek radical socialist, I cannot but admire and applaud his courage and passion on behalf of genuinely progressive causes

Michael Gove, Sunday Times

The reason Varoufakis seems to have captured the imaginations of so many is that his words about the European crisis speak universal truths about democracy, capitalism and social policy


Like all great story tellers, Varoufakis’ literary flair is not just a function of stylistic prowess. He gets right inside the fears, desires and external constraints of the key players in the complex history of the Eurozone … Reading And The Weak Suffer What They Must? is like reading a gripping thriller. It is a page turner because the plot itself is a relentless sequence of astonishing twists and turns driven by the cunning ingenuity and hubristic folly of its key protagonists … This book is not just illuminating. It is a call to moral awakening and to intelligent, determined and humane political action

Open Democracy

He writes with great panache ... and in a gripping style … One of the things that makes this book enjoyable is that Varoufakis makes much of the role of personalities


One of my few heroes...his achievements are incredibly important…to save what is worth fighting for in Europe…Yanis tried to do the right thing – to remain within the EU and disturb from within. That is why he was such a threat…wonderfully written, complex, a book which is set to provoke our rage…to make us think, and that’s what we need today. As long as people like Yanis are around, there still is hope

Slavoj Zizek

An absolutely splendid book… What Yanis really shows is that the European project had a democratic deficit from the origin and design… The Thucydides of our time

Jeffrey Sachs

An outstanding economist and political analyst. His remarkable talents are fully on display in his recent study of Europe’s crisis, a most revealing and perceptive analysis of the development of the global economy in the past half century and their grim consequences now threatening Western societies

Noam Chomsky

A scholar, writer, philosopher of clarity, insight, generosity and engaging prose, not to mention integrity and courage

James Galbraith