The European debt crisis
The Greek case
by Costas Simitis, Dimitris Papadimitriou, Jeffrey Richards, Simon Bulmer, Andrew Geddes, Peter Humphreys
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Endorsements
In this book, former Greek Prime Minister Costas Simitis examines the European debt crisis with particular reference to the case of Greece. Greece was the first Eurozone country to face an enormous deficit, which reached 15% of GDP in 2009. As the Greek crisis unfolded, other Eurozone countries displayed identical symptoms, albeit in varying degrees of severity. From a strictly Greek predicament the debt crisis quickly turned into a problem for the European Union as a whole. This first English language translation investigates the causes of this spillover and chronicles the policy responses to combat it. It also discusses Greece's troubled political economy, the country's difficulties in adjusting to the demands of its creditors and the vehement social and political reactions to the policy of austerity. The central argument of the book is that the principal cause of the Eurozone's problems was, and still remains, the indecisiveness of European elites to tackle its underlying deficiencies. Leading Eurozone countries have been unwilling to commit to a common long-term plan which could deal convincingly with complex and inter-related problems affecting both its 'core' and its 'periphery'. The guiding principle of policy responses thus far has been the pursuit of permanent fiscal discipline. Yet, fiscal discipline alone would not provide the long-term solutions required; a steady course towards economic governance and political unification is necessary. Through his comprehensive and authoritative analysis, Simitis provides valuable insights into the crucial interconnection between Greece's own economic troubles and the wider European search for macroeconomic stability and sustainable economic growth. As such, the book appeals well beyond those with a narrow academic interest in Greece. This is very much a discussion about the future of the Eurozone and the European Union as a whole. -
Author Biography
Costas Simitis was the Prime Minister of Greece from 1996 to 2004; Jeffrey Richards is Emeritus Professor of Cultural History at Lancaster University; Simon Bulmer is Professor of European Politics at the University of Sheffield
Manchester University Press
Manchester University Press is a leading UK publisher known for excellent research in the humanities and social sciences.
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Bibliographic Information
- Publisher Manchester University Press
- Publication Date April 2014
- Orginal LanguageEnglish
- ISBN/Identifier 9780719095788
- Publication Country or regionUnited Kingdom
- FormatPaperback
- Primary Price 32.95 USD
- Pages384
- ReadershipCollege/higher education; Professional and scholarly
- Publish StatusPublished
- Dimensions234 X 156 Millimeters
- IllustrationRaw data is included and the figures are very simple.
- SeriesEuropean Policy Research Unit
- Reference CodeIPR6059
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