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About the book
  • 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 SUNDAY TIMES NUMBER ONE BESTSELLER

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


A spectre is haunting Europe – the spectre of failed capitalism. In this startling account of Europe’s economic rise and catastrophic fall, Yanis Varoufakis pinpoints the flaws in the European Union’s design – a design that was thought up after the Second World War, and is responsible for Europe’s fragmentation and the resurgence of racist extremism across the Continent.

When the financial crisis struck in 2008, the political elite’s response ensured that it would be the weakest citizens of the weakest nations that would pay 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, Varoufakis shows how we concocted this mess, and points the way out of it. And The Weak Suffer What They Must? reminds us of our history, in order to save European capitalism and democracy from the abyss.

  • Pub date: 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

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Praise for And the Weak Suffer What They Must?

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

Guardian

“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

“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

“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

“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

“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

“A devastating account”

Andrew Marr

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

James Galbraith

“A brilliant economist”

Bloomberg

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

Joseph Stiglitz, Winner of the Nobel Prize for Economics

“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

“The most interesting man in the world”

Business Insider

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

Telegraph

“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

“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”

TLS

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

The Times

“A global celebrity”

Economist

“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

“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”

Guardian

“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


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