Euroshock: How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone

The inside story of the unprecedented restructuring of Greece’s debt in 2012—the largest restructuring in history—and how the Eurozone was stabilized and Greece was saved from exit from the Euro and economic calamity. One of the Financial Times Best Summer Books of 2024 in Economics.

In the fall of 2009, the world economy was beginning to recover from the global financial crisis that had shaken global markets and had led to a sharp recession. At the same time, Europe was entering a new phase...