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Modern Greece: What Everyone Needs to Know(r)

Condition: BRAND NEW
ISBN: 9780199948796
Author(s): Stathis Kalyvas
Format: Paperback
Year: 2015
Publisher: Oxford University Press, USA
Pages: 264
Series: What Everyone Needs to Know (Paperback)

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Just a few years ago, Greece appeared to be a politically secure nation
with a healthy economy. Today, Greece can be found at the center of the
economic maelstrom in Europe. Beginning in late 2008, the Greek economy
entered a nosedive that would transform it into the European country
with the most serious and intractable fiscal problems. Both the deficit
and the unemployment rate skyrocketed. Quickly thereafter, Greece edged
toward a pre-revolutionary condition, as massive anti-austerity protests
punctuated by violence and vandalism spread throughout Greek cities.
Greece was certainly not the only country hit hard by
the recession, but nevertheless the entire world turned its focus toward
it for a simple reason: the possibility of a Greek exit from the
European Monetary Union, and its potential to unravel the entire Union,
with other weaker members heading for the exits as well. The fate of
Greece is inextricably tied up with the global politics surrounding
austerity as well. Is austerity rough but necessary medicine, or is it
an intellectually bankrupt approach to fiscal policy that causes ruin?
Through it all, Greece has staggered from crisis to crisis, and the
European central bank's periodic attempts to prop up its economy fall
short in the face of popular recalcitrance and negative economic growth.
Though the catalysts for Greece's current economic crise Please click here to ask a question
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