Original Title: Billionenpoker
Hardcover with jacket,
13.5 x 21.5 cm,
5.3 x 8.5 Inches
€ 19.99 [D] | € 20.60 [A] | CHF 28.50* (* rec. retail price) recommended retail price
Publishing House: DVA Sachbuch
Date of publication:
November 12, 2012
This title is available.
The alliance governments and economy explained by experts
Since the beginning of the world financial crisis, governments have had to bail out banks plunging into crises and rescue economies on the verge of collapse to the tune of eight trillion euros, ending up in a vicious circle of ever more bailouts and aid programmes. This has increased state debts, which have been continually and rapidly growing, to a dangerous level; the central banks have lost their independence and become unprincipled money machines.
Ullrich Fichtner and Cordt Schnibben, along with a team of experts and reporters, have for years been following the credit glut from its beginnings in the USA, its spread round the world, the debt crisis in Greece, right up to European Central Bank loans of trillions of euros. The result is a precise and profound overview of a currency quake whose effects are still being underestimated – it makes ordinary people poorer, the markets more powerful and politics weaker.
"Trillion Poker is a superb appraisal of the finance crisis that began with the Lehman collapse in 2008, including its causes and its catastrophic effects. … The book is rounded out with an excellent glossary, which also describes the key figures in the debt cases."
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