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Adults in the Room

Adults in the Room

By Yanis Varoufakis

My Battle with Europe’s Deep Establishment. Vintage, 2018

0.0 / 3

18 mins read

15 Key insights

A brief summary of Adults in the Room

Dive into the story of how the European Commission, the IMF, and the European Central Bank crushed the economic program of Yanis Varoufakis, former Greek finance minister—meant to save his country from permanent bankruptcy.

Key insights in Adults in the Room

1
What do i get from this book? An insider’s account of the financial negotiations meant to save Greece’s economy
2
Greece joined the eurozone under false pretenses—this was the foundation of its financial crisis
3
Illiquidity or insolvency? The EU, ECB, and IMF covered up the fact that Greece had run out of money
4
The second bailout put Greece in a modern “debtors’ prison,” damaging its democracy from within
5
Bankers took over the tv stations and used them to defend their ill-gotten gains
6
Varoufakis had a plan for fixing Greece, and Syriza gave him the chance to implement it
7
Varoufakis sought help from foreign leaders and ministers, but despite encouraging signs most offered Greece nothing
8
The first Eurogroup meeting Varoufakis attended on February 11th, 2015 set the tone for Greece’s continuing punishment
9
The February 20th agreement seemed to mark the opening of a door to a deal between Greece and its creditors
10
The troika turned Greece’s ministers against Varoufakis, and the will of their own people, to pass a third bailout
11
The media campaign against Varoufakis and his ideas continues, and keeps the clock ticking on the eurozone
12
The example of Greece has contributed to Brexit, and the eurozone crisis rumbles on regardless
13
Summary of the key insights
14
Selected critiques in brief
15
Final word

Who should read Adults in the Room

International relations buffs • historians • people with an interest in international markets • Eurosceptics • fans of political gossip • economists

About the author of Adults in the Room

Yanis Varoufakis was thrust from obscurity as an economist in 2015, becoming Greece’s finance minister. He has taught economics at the Universities of Cambridge and Athens, while his other publications include And the Weak Suffer What They Must? and Another Now.

author avatar

Yanis Varoufakis

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