Friday, April 3, 2015

In late 2009, Greece found itself in the global spotlight as the country was stunned by the worst economic crisis in its modern history. The Greek debt crisis became the subject of world summits, media headlines and it rocked markets. In the following years, in order to meet the demands of fellow EU countries that had reluctantly agreed on a rescue package, the Greek government implemented a series of radical austerity measures, as it received bailouts and loans of unprecedented scale. 

A new publication by the Convenors of the Greek Politics Specialist Group of the Political Studies Association (UK) investigates the framing, policies and politics of extreme austerity during this time.

It also examines the Greek case within a broader comparative context, reflecting on the origins, implications and management of the debt crisis by both Europe and Greece, in a devastating analysis of how a country could fall into further financial distress and how the Eurozone may be able to recover.

Georgios Karyotis, Roman Gerodimos (eds): The Politics of Extreme Austerity: Greece in the Eurozone Crisis, Palgrave, March 2015 / Sample Chapter: Introduction - Dissecting the Greek Debt Crisis (PDF)