COVID-19 has exposed the weaknesses of both the EU and the eurozone and brought into question the fiscal and political survival of the bloc.
An important contribution to the left debate over the European Union that mercilessly shatters many of the arguments presented by ‘remain and reform’ advocates.
Rather than a lesson on the economics of bailouts and austerity, Varoufakis’ memoir reads like a treatise on the politics of sovereign debt restructuring during crises.
In the midst of Brexit, 2017 is the year in which the fate of the European Union will be decided.
The post-2008 financial crisis goes beyond the economic problems that Greece now faces. It has also created a generalized crisis in the field of psychiatry.
Although recent statistics point to the end of the recession in the Eurozone and the UK, and to economic growth in the US, there are some good reasons to critically examine these ‘recoveries’.
There is widespread domestic consensus that Enrico Letta’s government is the only road that Italy can travel for now. How long it will survive Italian and European politics is another matter.
The economic crisis in Greece and the financial bailouts it received sent shockwaves through the Eurozone and global markets. Could reforms have avoided the collapse? Why were they not successful?
How can one change the policies of the European Union without politicization? What the EU needs is ‘policy with politics’ where the Eurozone crisis should be solved through growth, not endless austerity and decline.
What should be taken from the Greek election is that the political institutions of the country offered, and the electorate seriously considered, an alternative.
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