Adults in the Room
By Yanis Varoufakis
My Battle with Europe’s Deep Establishment. Vintage, 2018
Summary of Adults in the Room book by Yanis Varoufakis
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.
Chapters in Adults in the Room book summary
What do i get from this book? An insider’s account of the financial negotiations meant to save Greece’s economy
Greece joined the eurozone under false pretenses—this was the foundation of its financial crisis
Illiquidity or insolvency? The EU, ECB, and IMF covered up the fact that Greece had run out of money
The second bailout put Greece in a modern “debtors’ prison,” damaging its democracy from within
Bankers took over the tv stations and used them to defend their ill-gotten gains
Varoufakis had a plan for fixing Greece, and Syriza gave him the chance to implement it
Varoufakis sought help from foreign leaders and ministers, but despite encouraging signs most offered Greece nothing
The first Eurogroup meeting Varoufakis attended on February 11th, 2015 set the tone for Greece’s continuing punishment
The February 20th agreement seemed to mark the opening of a door to a deal between Greece and its creditors
The troika turned Greece’s ministers against Varoufakis, and the will of their own people, to pass a third bailout
The media campaign against Varoufakis and his ideas continues, and keeps the clock ticking on the eurozone
The example of Greece has contributed to Brexit, and the eurozone crisis rumbles on regardless
Summary of the key insights
Selected critiques in brief
Final word
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Adults in the Room — Book Summary Snapshot
Who should read Adults in the Room book
- International relations buffs
- people with an interest in international markets
- Eurosceptics
- fans of political gossip
About the author of Adults in the Room
Yanis Varoufakis
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.
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