Description: The book sheds new light on the history of the Eurozone crisis and provides crucial lessons for the way forward.
Review Quotes: "In a new book by Stefanie Walter, Ari Ray, and Nils Redeker, The Politics of Bad Options: Why the Eurozone's Problems Have Been So Hard to Resolve (Oxford University Press 2020), the authors argue that the costs of resolution in the Eurozone crisis were borne almost exclusively by indebted deficit countries, whereas the creditor-surplus states did little to share the burden. While debtor states were forced to implement austerity measures and structural reforms that were almost unprecedented in scale, surplus countries--their argument goes--did not significantly adjust their economic policies." -- Nils Karlson, Professor of Political Science and President of the Ratio Institute, Stockholm, Sweden, The Library of Economics and Liberty