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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

WITH A NEW FOREWORD BY THE AUTHOR

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.

Varoufakis's explosive new book Adults In The Room: My Battle With Europe's Deep Establishment is now available

Reviews

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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Formats & editions

  • Paperback

    9781784704117

    January 30, 2017

    Vintage

    336 pages

    RRP $22.99

    Online retailers

    • Abbey's Bookshop
    • Angus & Robertson Bookworld
    • Booktopia
    • Boomerang Books
    • Collins Booksellers
    • Dymocks
    • Books Kinokuniya
    • The Nile
    • QBD
    • Readings
    • Robinsons Bookshop
    Or

    Find your local bookstore at booksellers.org.au

  • Trade Paperback

    9781847924049

    April 18, 2016

    Bodley Head

    336 pages

    RRP $34.99

    Online retailers

    • Abbey's Bookshop
    • Angus & Robertson Bookworld
    • Booktopia
    • Boomerang Books
    • Collins Booksellers
    • Dymocks
    • Books Kinokuniya
    • The Nile
    • QBD
    • Readings
    • Robinsons Bookshop
    Or

    Find your local bookstore at booksellers.org.au

  • EBook

    9781473545687

    April 7, 2016

    Vintage Digital

    336 pages

    Online retailers

    • iBooks
    • Amazon Kindle
    • Booktopia
    • eBooks
    • Google Play
    • Kobo
    Or

    Find your local bookstore at booksellers.org.au

Also by Yanis Varoufakis

Talking to My Daughter About the Economy
Austerity
Adults In The Room

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