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The Greek Workshop of Debt and the Failure of the European Project

The Greek Workshop of Debt and the Failure of the European Project Much has been written on Greece's sovereign debt crisis and the disintegrative tendencies of the EU in conjunction with the global financial crisis that hit the West since summer 2007. This paper reviews the most important contributions to the debate and advances an original analysis as to what the sources of the Greek debt crisis are and what steps should be taken in order to get out of it. The argument put forth is that responsibility for the country's debt should be placed squarely on Greece's two main parties ruling the country since 1974 (New Democracy and PASOK) in conjunction with the Euro-Atlantic political elites, the inter-section of which is straddled by a comprador-cum-financial oligarchy Greek-style. In addition, as the two ruling parties pick up their pieces from political and electoral debacles, the urgent political task of the Greek and the European Left is a policy of socialist seisachtheia. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Balkan and Near Eastern Studies Taylor & Francis

The Greek Workshop of Debt and the Failure of the European Project

31 pages

The Greek Workshop of Debt and the Failure of the European Project

Abstract

Much has been written on Greece's sovereign debt crisis and the disintegrative tendencies of the EU in conjunction with the global financial crisis that hit the West since summer 2007. This paper reviews the most important contributions to the debate and advances an original analysis as to what the sources of the Greek debt crisis are and what steps should be taken in order to get out of it. The argument put forth is that responsibility for the country's debt should be placed...
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Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1944-8961
eISSN
1944-8953
DOI
10.1080/19448953.2012.656929
Publisher site
See Article on Publisher Site

Abstract

Much has been written on Greece's sovereign debt crisis and the disintegrative tendencies of the EU in conjunction with the global financial crisis that hit the West since summer 2007. This paper reviews the most important contributions to the debate and advances an original analysis as to what the sources of the Greek debt crisis are and what steps should be taken in order to get out of it. The argument put forth is that responsibility for the country's debt should be placed squarely on Greece's two main parties ruling the country since 1974 (New Democracy and PASOK) in conjunction with the Euro-Atlantic political elites, the inter-section of which is straddled by a comprador-cum-financial oligarchy Greek-style. In addition, as the two ruling parties pick up their pieces from political and electoral debacles, the urgent political task of the Greek and the European Left is a policy of socialist seisachtheia.

Journal

Journal of Balkan and Near Eastern StudiesTaylor & Francis

Published: Mar 1, 2012

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