Books That Enlighten Greek-Americans About the Greek Crisis

Recently, Standard & Poor’s upgraded Greece’s credit rating from CCC+ to B- signaling a stable outlook for the nation’s economy after years of uncertainty. Several books published recently on the Greek Crisis offer perspective on the problems facing not only Greece and the European Union, but also the entire global economy. Understanding Greece’s economic plight is a complicated task to say the least. So many factors led to the crisis and so many experts, politicians, and authors have voiced their opinions on Greece and the implications of the financial crisis for the economic future of all nations, it can be difficult to truly understand how it happened, what needed and still needs to be done to prevent a future crisis, and how the people of Greece are coping. Reading a variety of sources on the subject provides the social, historical, and political background often lacking in brief news reports. Here are a few books about the Greek economic crisis to add to your reading list.

The Full Catastrophe: Travels Among the New Greek Ruins by James Angelos explores the economic crisis through the author’s own experiences visiting the villages and islands, speaking with the people, and reporting on the situation in Greece. The author presents the history and causes of the crisis along with specific stories to highlight the human toll of the economic collapse. The portrait of Greece that emerges is a complicated one as the people struggle with tradition and change.

Modern Greece: What Everyone Need to Know by Stathis Kalyvas is an in-depth look at the history and politics of the modern Greek nation. Each chapter poses a question and answers it with insight and clarity as one would expect from the award-winning Kalyvas, the Arnold Wolfers Professor of Political Science and Director of the Program on Order, Conflict, and Violence at Yale University. Released in 2015, Modern Greece is a concise 264 pages and part of the trademarked What Everyone Needs to Know series published by Oxford University Press.

The 13th Labor of Hercules: Inside the Greek Crisis by Yannis Palaiologos brings a personal perspective to the economic crisis by the author and journalist who lives and works in Athens. Palaiologos pulls no punches in delineating the mistakes that led up to the financial crisis. Highlighted by personal stories, the book first published in 2014, details the economic, social, and political issues that left Greece in a financial mess.

And the Weak Suffer What They Must? Europe’s Crisis and America’s Economic Future by Yannis Varoufakis will be released on April 12, 2016 and takes its title, partially, from a quote by the ancient Athenian historian Thucydides. The former Finance Minister of Greece has written several books on economics and game theory, including The Global Minotaur: America, Europe and the Future of the Global Economy first published in 2011 and then updated in 2013, and Europe after the Minotaur: Greece and the Future of the Global Economy, published in 2015. As many critics of Varoufakis noted, writing about economics and putting theory into practice are two very different things.


TORONTO – The Hellenic Heritage Foundation (HHF) announced the launch of its newest podcast series Exodus: The Stories of 1922.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.