Review
------
This book ... written in the heat of the moment, serves as a running commentary on the [Greek financial]
crisis Gives Syriza s take on a story often seen in the Anglophone press through the eyes of Brussels officials Always a
critic of economic orthodoxy, Galbraith is even more savage in his indictment of the political calculations that shaped
the creditor s position. Delphine Strauss, Financial Times--Delphine Strauss"Financial Times" (08/01/2016)"
"Accessible prose flush with strong argument." Paul Hockenos, New York Times Book Review--Paul Hockenos "New York Times
Book Review ""
"This book ... written in the heat of the moment, serves as a running commentary on the [Greek financial] crisis...Gives
Syriza's take on a story often seen in the Anglophone press through the eyes of Brussels officials... Always a critic of
economic orthodoxy, Galbraith is even more savage in his indictment of the political calculations that shaped the
creditor's position."--Delphine Strauss, Financial Times--Delphine Strauss"Financial Times" (08/01/2016)
"Accessible prose flush with strong argument."--Paul Hockenos, New York Times Book Review--Paul Hockenos "New York Times
Book Review "
"How did Europe fall into this trap of low growth, high inequality, and political discontent? Galbraith offers the most
succinct explanation of why the system has benefited Germany at the expense of weaker economies."--Andrew Moravcsik,
Foreign Affairs--Andrew Moravcsik "Foreign Affairs "
To have had Jamie Galbraith as my adviser in the Ministry of Finance, during our epic struggle against wholesale
economic irrationality at the height of its vengefulness, was a blessing. To be able to count on Jamie Galbraith as a
close friend borders on outrageously good fortune. -- Yanis Varoufakis
One can only agree with James Galbraith when he observes that "The economic crisis in Greece is one of the great
economic and political dramas of our time ... and a test case for the long-term viability of the Euro." I greatly admire
Professor Galbraith not only for his contributions to economic theory but also for his ability to free himself from the
shackles of ideology and deal with reality as it effectively is. I fully concur with his conclusions.--Giuseppe Guarino,
Former Finance Minister of Italy
"To read James K. Galbraith is to think afresh, and at the same time to reconcile oneself with reality. Welcome to the
Poisoned Chalice is a true story: there was hemlock in the cup. It is a comfort, at least, to know the truth."--Michel
Rocard, former Prime Minister of France
In Welcome to the Poisoned Chalice, James Galbraith gives us an extraordinary inside account of Greece's courageous and
ultimately ill-ed challenge to a European power structure whose policies have left much of the continent in economic
tatters. It is a tale of practical idealism coming face to face with brute political and financial power - a saga that
is likely to be the opening chapter in the unfolding battle for Europe's future. -- Phil Angelides, Chairman, U.S
Financial Crisis Inquiry Commission (2009-2011)
The imposition of austerity economics in Greece, following on the 2008-09 global financial collapse and Great Recession,
has been an unmitigated human disaster. Welcome to the Poisoned Chalice is the very best account available as to how
powerful policymakers, and the economists they listen to, got everything wrong. Galbraith is a masterful writer; his
story is accessible and compelling.--- Robert Pollin, Distinguished Professor of Economics, University of
Massachusetts-Amherst
"This book . . . written in the heat of the moment, serves as a running commentary on the [Greek financial] crisis. . .
. Gives Syriza's take on a story often seen in the Anglophone press through the eyes of Brussels officials. . . . Always
a critic of economic orthodoxy, Galbraith is even more savage in his indictment of the political calculations that
shaped the creditor's position."--Delphine Strauss, Financial Times
"Accessible prose flush with strong argument."--Paul Hockenos, New York Times Book Review
"An eloquent and informed chronicle of the Greek debt crisis for current readers and future historians."--Publishers
Weekly
"How did Europe fall into this trap of low growth, high inequality, and political discontent? Galbraith offers the most
succinct explanation of why the system has benefited Germany at the expense of weaker economies."--Andrew Moravcsik,
Foreign Affairs
"To have had Jamie Galbraith as my adviser in the Ministry of Finance, during our epic struggle against wholesale
economic irrationality at the height of its vengefulness, was a blessing. To be able to count on Jamie Galbraith as a
close friend borders on outrageously good fortune."--Yanis Varoufakis
"One can only agree with James Galbraith when he observes that 'The economic crisis in Greece is one of the great
economic and political dramas of our time . . . and a test case for the long-term viability of the Euro.' I greatly
admire Professor Galbraith not only for his contributions to economic theory but also for his ability to free himself
from the shackles of ideology and deal with reality as it effectively is. I fully concur with his
conclusions."--Giuseppe Guarino, Former Finance Minister of Italy
"To read James K. Galbraith is to think afresh, and at the same time to reconcile oneself with reality. Welcome to the
Poisoned Chalice is a true story: there was hemlock in the cup. It is a comfort, at least, to know the truth."--Michel
Rocard, former Prime Minister of France
"In Welcome to the Poisoned Chalice, James Galbraith gives us an extraordinary inside account of Greece's courageous and
ultimately ill-ed challenge to a European power structure whose policies have left much of the continent in economic
tatters. It is a tale of practical idealism coming face to face with brute political and financial power--a saga that is
likely to be the opening chapter in the unfolding battle for Europe's future."--Phil Angelides, Chairman, U.S Financial
Crisis Inquiry Commission (2009-2011)
"The imposition of austerity economics in Greece, following on the 2008-09 global financial collapse and Great
Recession, has been an unmitigated human disaster. Welcome to the Poisoned Chalice is the very best account available as
to how powerful policymakers, and the economists they listen to, got everything wrong. Galbraith is a masterful writer;
his story is accessible and compelling."--Robert Pollin, Distinguished Professor of Economics, University of
Massachusetts-Amherst
About the Author
----------------
James K. Galbraith holds the Lloyd M. Bentsen, Jr., Chair in Government/Business Relations at the LBJ School
of Public Affairs, University of Texas at Austin. He is the author of eight books and hundreds of articles for both
scholarly and general-interest journals.