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This contributed volume explores the political economy and socioeconomic aspects of the Greek Financial Crisis both within the country's borders and as part of the global economy. With chapters authored by international experts, this book examines and explicitly deals with specific and important issues that have been ignored by the dominant socioeconomic theory and practice, which have largely focused on the causes and broad economic consequences of the crisis. Discussions include the efficacy of new EU institutions created to address the crisis, the rise of unregistered economic activity, and comparisons with financial crises in countries beyond Europe. This diverse collection argues that the Greek Financial Crisis was not just an economic crisis, but a political and social crisis as well, one with repercussions beyond Europe.
List of contents
1. Introduction.- 2. The 'Greek Crisis' and the Austerity Controversy in Europe.- 3. Troika's Economic Adjustment Programmes For Greece: Why Do They Systematically Fail?.- 4. The ECB's Non-Standard Monetary Policy Measures and the Greek Financial Crisis.- 5. Social Dialogue in Post-Crisis Greece: A Sisyphus Syndrome for Greek Social Partners' Expectations.- 6. Unregistered Economic Activities during the Greek Multidimensional Crisis.- 7. The Impact of the Financial Crisis on Greece's Defense Diplomacy.- 8. Hierarchies, Civilization, and the Eurozone Crisis: The Greek Financial Crisis.- 9. Greece in the Aftermath of the Economic Crisis Needs to Change its Strategy in the International System: Choosing between Melians and David.- 10. A Comparative Analysis of the Greek Financial Crisis and the IMF's Bailout Programs: An East Asian View.- 11. Commonalities between the "Bookends" Financial Crises of Mexico 1994 and Greece 2007.- 12. Restructuring Accounting Education: The Key to Avoiding another Financial Crisis in Greece.
About the author
John Marangos is Professor of Comparative Economic Systems in the Department of Balkan, Slavic, and Oriental Studies at the University of Macedonia, Greece. Focal points of John’s research include international development, transition economics, and innovative methodologies for teaching economics. He is the author of numerous journal articles and books, including Europe in Crisis, co-edited with Nikolas Karagiannis and Aristidis Bitzenis, and a three volume set on comparative economic systems, all published by Palgrave Macmillan.
Summary
This contributed volume explores the political economy and socioeconomic aspects of the Greek Financial Crisis both within the country's borders and as part of the global economy. With chapters authored by international experts, this book examines and explicitly deals with specific and important issues that have been ignored by the dominant socioeconomic theory and practice, which have largely focused on the causes and broad economic consequences of the crisis. Discussions include the efficacy of new EU institutions created to address the crisis, the rise of unregistered economic activity, and comparisons with financial crises in countries beyond Europe. This diverse collection argues that the Greek Financial Crisis was not just an economic crisis, but a political and social crisis as well, one with repercussions beyond Europe.
