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9781928096337

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Laid Low is an important addition to the burgeoning literature on the euro-area crisis. [It] goes some way towards puncturing the fiscal-and-sovereign-debt-only narrative of the euro-area crisis. His storytelling is highly engaging, and his reporting is superb. Not only does he bring together an astonishing variety of sources (journalistic, policy, academic); he also adds a number of scoops of his own. Bruegel Countless articles and books have analyzed the euro crisis, but until now, a serious treatment of the International Monetary Fund's role in the crisis has been missing. Media reports often portray the IMF as filled with neoliberal ideologues who enthusiastically helped EU institutions and leaders impose harsh austerity policies and debt-repayment terms on southern European countries. In this authoritative and detailed account, Blustein marshals impressive research to rebut this view. Foreign Affairs

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Paul Blustein, a CIGI senior fellow, is a former staff writer for The Washington Post and The Wall Street Journal. This is his fifth book.

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