Boomerang: Travels in the New Third World

Key Facts and Insights from the Book

1. The financial meltdown of 2008 impacted not just the United States but also countries around the world, with varying degrees and forms of fallout.
2. Iceland, a country with no history of high finance, found itself with an oversize banking sector nine times the size of its GDP.
3. Greece hid its debt with complex financial products, leading to a crisis of confidence in the Euro.
4. Ireland's housing bubble led to a financial crisis and subsequent austerity measures.
5. Germany, one of the world's largest economies, found itself in the position of bailing out other...

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