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At the height of the Greek financial crisis, reports from colleagues based in Athens painted a sorry picture of respectable citizens who had fallen upon hard times desperately rummaging in dustbins to supplement their dwindling larders. The statistics told an even grimmer story – between 2010 and 2011, suicide rates in Greece rose by 40 per cent.(1)
Addressing how modern nations have found themselves, as President George W. Bush saw it, ‘stuck with these miserable choices’ when it comes to resolving financial crises, is at the centre of Larry Neal’s concise history of international finance.