Financial Turmoil In Europe And The United States: Essays

Description: In a natural follow-up to his international bestseller "The Crash of 2008: The New Paradigm for Financial Markets", George Soros reflects on what went wrong with the global economy, and how to get it back on track. The dire economic situation we find ourselves in is not a result of economic forces alone, but of the policies pursued, and not pursued, by world leaders. In this collection of his recent writings on the global financial situation, George Soros presents his views and analysis of key economic policy choices leading up to, during, and following the financial crisis of 2008-2009. Soros explores domestic and international policy choices, like how to manage the (then) potential implosion of Fannie Mae & Freddie Mac; options for "setting a floor" on the collapsing housing market; deploying measures to stem global contagion from the sub-prime crisis; alternative options for bailing out lesser developed countries and why this was vital; how to bring the credit default swap industry under control; the structural problems of European economic management; and, more. "Financial Turmoil in Europe and the United States" elegantly distills the choices at hand, and takes the reader on a journey of real time economic policy work and experimentation. Soros shows that economic outcomes are a result of choices made and paths not taken, and sounds the warning on the dangers of ideologically-based policy making.

Review: "Totally compelling." Robert Peston "Fascinating." The Times "Prescient." New York Times"

Contents: Introduction by George Soros; Intro: GS new tc 12/15; Part 1: 2008 After the Crash; The worst market crisis in 60 years George Soros [UNK] The Financial Times [UNK] January 23, 2008; The Perilous Price of Oil George Soros [UNK][UNK] August 27, 2008; Paulson cannot be allowed a blank cheque George Soros [UNK] The Financial Times [UNK] September 24, 2008; Recapitalise the banking system George Soros [UNK] The Financial Times [UNK] October 02, 2008; How to capitalise the banks and save finance George Soros [UNK] The Financial Times [UNK] October 12, 2008; America must lead a rescue of emerging economies George Soros [UNK] The Financial Times [UNK] October 28, 2008; Part 2: 2009 The Right and Wrong Financial Reform; The right and wrong way to bail out the banks George Soros [UNK] The Financial Times [UNK] January 22, 2009; Peripheral care should be the central concern George Soros [UNK] The Financial Times [UNK] March 22, 2009; One Way to Stop Bear Raids George Soros [UNK] The Wall Street Journal [UNK] March 23, 2009; The three steps to financial reform George Soros [UNK] Financial Times [UNK] June 16, 2009; Do not ignore the need for financial reform George Soros [UNK] Financial Times [UNK] October 25, 2009; Part 3: 2010 The Crisis Goes Global; The euro will face bigger tests than Greece George Soros [UNK] Financial Times [UNK] February 22, 2010; Reforming a broken mortgage system George Soros [UNK] www.politico.com [UNK] March 25, 2010; America must face up to the dangers of derivatives George Soros [UNK] Financial Times [UNK] April 22, 2010; The Crisis and the Euro George Soros [UNK] The New York Review of Books [UNK] July 12, 2010; America needs stimulus not virtue George Soros [UNK] Financial Times [UNK] October 04, 2010; China must fix the global currency crisis George Soros [UNK] Financial Times [UNK] October 07, 2010; Europe should rescue banks before states George Soros [UNK] Financial Times [UNK] December 15, 2010; Part 4: 2011, The Eurozone; How Germany can avoid a two-speed Europe George Soros [UNK] Financial Times [UNK] March 22, 2011; True Europeans now need a 'plan B' George Soros [UNK] Financial Times [UNK] July 13, 2011; Germany must defend the euro George Soros [UNK][UNK] August 12, 2011; Three steps to resolving the eurozone crisis George Soros [UNK] Financial Times [UNK] August 15, 2011; Does the Euro Have a Future? George Soros [UNK] NY Review of Books [UNK] September 15, 2011; How to stop a second Great Depression George Soros [UNK] Financial Times [UNK] September 29, 2011; A routemap through the eurozone minefield George Soros [UNK] Financial Times [UNK] October 13, 2011; My seven point plan to save the eurozone George Soros [UNK] Financial Times [UNK] October 25, 2011; The ECB must step in to save the Eurozone; Financial Times, November 21, 2011.

Author Biography: George Soros is chairman of Soros Fund Management and the founder of a global network of foundations dedicated to supporting open societies. The author of several best-selling books, he was born in Budapest and lives in New York City.