Public Debt Dynamics of Europe and the U.S.

Public Debt Dynamics of Europe and the U.S., provides the evidence and implications of current policies by sovereigns and central banks, in dealing with the debt abyss.  It brings in perspective the diversity of opinion reigning in modern economics and finance and outlines the themes which, among themselves, are defining the society in which we live.

Our epoch has accepted the theory that leveraging is good for a person, a company or even a nation. This has led to the debt syndrome and its disastrous aftereffects. Throughout the book evidence emerges that piling up public debt can lead to an unmitigated disaster. This is demonstrated through case studies on Greece, Spain, Italy, France and the United States – in short, those western countries that nowadays have lost control of their senses and of their economy.

This book uses real life examples, using case studies as evidence of good and bad approaches to social, economic and financial life. Live events also help as undisputable demonstrators of successes and failures in the search for solutions in getting out of the hole western governments find themselves. As Denis Healey, a former British chancellor of the Exchequer, once said: “The first law of holes is that if you are in one stop digging.”

Provides insight and implications on the current policies of sovereigns and central banksUses real life practical examples and case studies on Greece, Spain, Italy, France and the United StatesExamines developing countries, particularly BRICS, and their exposure to debtFocuses on public health and the effects it has on the economy

PART ONE:  THE WEST TODAY Chapter  1 Globalization of a Casino Society Chapter  2 Kingdoms of Debt Chapter  3 Options for this Decade

PART TWO:  DESTINY IN THE LAND OF HOMER Chapter  4 The Greek Economy Pays the Price of Drift Chapter  5 Impact of Bailouts on the Economy of a Sovereign Chapter  6 Drachmageddon: Exit from Euroland and Bankruptcy ? or Bankruptcy Within Euroland ?

PART THREE:  CASE STUDIES WITH TEETERING SOVEREIGNS Chapter  7 Spain in Free Fall Chapter  8 Italy Tries a U-Turn on the Road to Nowhere Chapter  9 France Is Not Italy. True or False?

PART FOUR:  WHO KILLED THE GOLDEN EAGLE? Chapter  10 Public Health Care Is the No. 1 Suspect Chapter  11 Public Debt, Balanced Budgets and Current Accounts Chapter  12 The Merger of Quantitative Easing and Politics Is the No. 2 Suspect

PART FIVE:  RETURNS ARE NOT RISING FOREVER Chapter  13 Storm Clouds Over the BRICs

PART SIX:  WHICH THERAPY? WHERE ARE THE DOCTORS? Chapter  14 Iceland, Latvia, Ireland, Britain, Germany and a Taste of Fantasy Economics Chapter  15 Ineptocracy and the New Policy of Grabbing

Case Study and Conclusion Ineptocracy, Trickery and Politics: Euroland and the Italian Way