To coincide with the symposium that my law journal is holding on Friday I will try to make several posts on sovereign debt. I am not an expert in the topic but I have read much and over the weekend I sent out an unofficial suggested reading list to my fellow law journal members. The selection of readings and audio programs are ones that I’ve listened to and found helpful, so I hope you enjoy them as well.
Sovereign Debt â€” Pre-Symposium Reading List
National Debt for Beginners â€“ Simon Johnson and James Kwak (Planet Money 2009) http://www.npr.org/templates/story/story.php?storyId=99927343&ft=1&f=94427042
For background on the various terms and concepts that are used Simon Johnson and James Kwak have a great page with links at http://baselinescenario.com/financial-crisis-for-beginners/
When Irish Eyes Are Crying â€“ Michael Lewis (Vanity Fair 2011) â€” This article provides a great backgrounder on what is happening in Ireland with focus on the impact of their housing/construction bubble. It also provides perspective on the impact of Ireland guaranteeing its banks and how the Irish people reacted to that.
455: Continental Breakup â€“ Ira Glass and Alex Blumberg (This American Life 2012) â€” This is an hour show that does a great job explaining what is happening in Europe. If you want to get caught up on Europe you should listen to this (though itâ€™s now a few months old). The focus here is mostly on Greece.
Obama v. Boehner: Who Killed the Debt Deal? â€“ Matt Bai (NY Times 2012) â€” This article explains the negotiations between Barack Obama and John Boehner and is a fantastic political backgrounder on national debt in the United States.
The Way Greeks Live Now â€“ Russell Shorto (NY Times 2012) â€” This article shows the impact of Greeceâ€™s financial crises on its country and people.
France and Germany A Love Story â€“ Zoe Chace (NPR Planet Money 2011) â€” This goes over the tension between France and Germany and their reaction to the financial crises in Europe.
Itâ€™s the Economy, Dummkopf! â€“ Michael Lewis (Vanity Fair 2011) â€” This article tells the story of the crises on the German side, with lots of Lewisâ€™s usual flair and embellishment (or for some reason that is unclear we really needed lots of paragraphs about the role of shit in German culture).
459: What Kind of Country â€“ Ira Glass (This American Life 2012) â€” This episode of This American Life visits towns in the United States and does a good job of explaining the impact of austerity in individual cities and towns.
Europe Turns on the Bat Signal â€“ Zoe Chace (Planet Money 2011) â€” This episode is a nice quick explainer on the role of European Central Bank and explains the idea of quantitative easing.