The Global Minotaur: America, Europe and the Future of the Global Economy

If you’re still wondering how the Great Recession of 2007-2010 affects today’s global economy and democratic governments, this book provides much needed clarity using the greek myth of the Minotaur, a Cretan beast. Yanis Varoufakis, the former finance Minister of Greece, uses the mythological creature to explain how the unsustainable financialization of the world’s assets was a result of governments' failure to keep the world’s trade imbalances in check. Varoufakis believes we can avoid a depressing economic future by replacing the U.S. surplus eating economy with Global Surplus Recycling Mechanism (GSRM). Read the book to learn what GSRM is and why it matters.