Tag Archives: Greece

The debt crisis and austerity in the Eurozone: social and political impacts

During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading

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Listen to the Athenian Solon: “Our virtue sticks with us and makes us strong, but money changes owners all day long”

Solon (c. 638 – c. 558 BC) was an Athenian statesman, lawmaker and poet, particularly known for ending exclusive aristocratic control of the government and his efforts to legislate against political, economic, and moral decline in archaic Athens, whose elite was obsessed with wealth, power, and prestige. His first … Continue reading

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Socrates on Oligarchy and Democracy

The Republic is a monumental work of philosophy and political theory, written by Plato around 380 BC. In this sophisticated and fascinating tractate of ten books, Socrates – the pivotal character of The Republic – conducts his famous dialogues with Athenians, deliberating mainly on essence and aspects … Continue reading

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The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis

There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading

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Anti-austerity Syriza wins Greece election in the shadow of the crisis; but the Greek crisis is not just about Greece

What are the causes of the Greek debt crisis and what steps should be taken in order to get out of it? Who is to blame for the destruction of Greek society after three rounds of harsh austerity since 2010? … Continue reading

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Austerity Politics and Policy in the EU and the Eurozone crisis

One of the key aims of “The Politics of Austerity and Public Policy Reform in the EU”, Political Studies Review symposium is to reconsider the theoretical tools available for understanding political and policy responses to the Eurozone crisis. Current EU developments and … Continue reading

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The Greek crisis is not just about Greece. “Greece, Financialization and the EU: The Political Economy of Debt and Destruction” opens a new point of view on the global and the European crisis

When the global financial crisis spread to Europe and its weak periphery through the banking sector, few contemplated that the real causes of the crisis did not reside only in the faulty architectures of globalisation and European integration but also … Continue reading

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Austerity: we are not all in it together

By Michael Kitson, Ron Martin, and Peter Tyler Europe has a Greek tragedy; the US is grappling with a Tea Party; and in the UK we have the economic consequences of austerity.   The focus is budget deficits, public expenditure cuts … Continue reading

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