Praise for Game Over:
“This book is so important for the current dialogue we are having in Europe” – Peter Spiegel of the Financial Times
“The story-line is not about defending choices. It is an insider’s take in the day-to-day management of a challenge that marked and defined a generation” – New Europe
“The most important book to date on the 6-year crisis” – Kathimerini
“A personal narrative, it is written in enthralling language, and reads like a novel” – Imerisia
“The pages where the political account turns into a legal and existential thriller are some of the most electrifying” – Ta Nea
“Game Over is a book that needs to be read” – Athens Voice
“You don't get closer to the Greek tragedy than this.... Very well written. A must-read, for insiders and outsiders” – @w_lelieveld
“The best book about the Greek crisis comes from an insider: Former finance minister G. Papaconstantinou's book 'Game Over' is a must read!” – @jens_bastian
In this real-life political thriller, former Greek Finance Minister George Papaconstantinou tells the inside story of the six years during which the Greek drama changed Europe and riveted the world. It is the story of a country forced by past mistakes into unprecedented actions with enormously painful consequences. A story about the people who shaped events by trying to respond to rapidly evolving circumstances often beyond their control. About decisions – good and bad, right and wrong – taken in official and behind-the-scenes gatherings in Brussels, Berlin, Frankfurt, Paris, London, New York, Washington and Athens; in Luxembourg châteaux courtyards, Davos kitchens and Bilderberg gatherings; in elegant offices and dreary basement meetings rooms.
The story begins in October 2009 in Athens, when after a landslide victory, the new government shocks the world by announcing a fiscal deficit of an alarming size, until then kept secret. The “accident waiting to happen” since the launch of the Euro is finally here – but there are no contingency plans to deal with it, and the systemic nature of the crisis is initially not fully appreciated. When a bailout mechanism is finally put together, it fails to convince markets that the Eurozone will do whatever it takes to prevent the bankruptcy of one of its members. The bluff is called, and Greece is forced to apply in May 2010 for a massive loan from the Eurozone and the IMF, and accept a harsh austerity program. As the first loan installment arrives one day before the country declares default, the first wage and pension cuts produce riots and social unrest which leave three people dead.
But the crisis is not over – it mutates. Delays in recognizing the problem and mistakes in the way it is dealt with end up opening the gates of hell for the entire Eurozone. Ireland is forced into a bailout – Portugal follows. And in Greece, the initial good program results are soon swept away by the concern in international markets that Greece might exit the Eurozone. Meanwhile the continuing austerity leads to an ever-deeper recession, rapidly rising unemployment, increasing social tensions, and real suffering.
“This book is so important for the current dialogue we are having in Europe” – Peter Spiegel of the Financial Times
“The story-line is not about defending choices. It is an insider’s take in the day-to-day management of a challenge that marked and defined a generation” – New Europe
“The most important book to date on the 6-year crisis” – Kathimerini
“A personal narrative, it is written in enthralling language, and reads like a novel” – Imerisia
“The pages where the political account turns into a legal and existential thriller are some of the most electrifying” – Ta Nea
“Game Over is a book that needs to be read” – Athens Voice
“You don't get closer to the Greek tragedy than this.... Very well written. A must-read, for insiders and outsiders” – @w_lelieveld
“The best book about the Greek crisis comes from an insider: Former finance minister G. Papaconstantinou's book 'Game Over' is a must read!” – @jens_bastian
In this real-life political thriller, former Greek Finance Minister George Papaconstantinou tells the inside story of the six years during which the Greek drama changed Europe and riveted the world. It is the story of a country forced by past mistakes into unprecedented actions with enormously painful consequences. A story about the people who shaped events by trying to respond to rapidly evolving circumstances often beyond their control. About decisions – good and bad, right and wrong – taken in official and behind-the-scenes gatherings in Brussels, Berlin, Frankfurt, Paris, London, New York, Washington and Athens; in Luxembourg châteaux courtyards, Davos kitchens and Bilderberg gatherings; in elegant offices and dreary basement meetings rooms.
The story begins in October 2009 in Athens, when after a landslide victory, the new government shocks the world by announcing a fiscal deficit of an alarming size, until then kept secret. The “accident waiting to happen” since the launch of the Euro is finally here – but there are no contingency plans to deal with it, and the systemic nature of the crisis is initially not fully appreciated. When a bailout mechanism is finally put together, it fails to convince markets that the Eurozone will do whatever it takes to prevent the bankruptcy of one of its members. The bluff is called, and Greece is forced to apply in May 2010 for a massive loan from the Eurozone and the IMF, and accept a harsh austerity program. As the first loan installment arrives one day before the country declares default, the first wage and pension cuts produce riots and social unrest which leave three people dead.
But the crisis is not over – it mutates. Delays in recognizing the problem and mistakes in the way it is dealt with end up opening the gates of hell for the entire Eurozone. Ireland is forced into a bailout – Portugal follows. And in Greece, the initial good program results are soon swept away by the concern in international markets that Greece might exit the Eurozone. Meanwhile the continuing austerity leads to an ever-deeper recession, rapidly rising unemployment, increasing social tensions, and real suffering.
Six years down the road since the crisis erupted, Greece is in its third bailout, still in a severe social and economic crisis, and there are so many questions. Were other solutions available? Should Greece have threatened to default in order to get a better deal? Should there have been debt relief from the beginning? Would Greece have been better off if it had left the Euro? Has Greece saved the Euro but not itself? The book addresses these questions with the eye of someone at the heart of decision-making during the crisis.
This is the breath-taking story of an incredible period, told for the first time not by an outside observer, but by one of its protagonists.
