{"product_id":"the-european-debt-crisis-9780719095795","title":"The European debt crisis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn 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 deficien\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e'Costas Simitis has been one of the most pro-European political leaders in Greece. In this book he charts the dramatic story of the Greek crisis. This is a lesson for Europe, particularly to those who want economic growth based on solidarity and employment. This is an important book for all progressive forces within the European Union.'   \u003cbr\u003eMassimo D’ Alema, former Prime Minister of Italy\u003cbr\u003e\u003cbr\u003e'A must-read book for everybody who is interested in the Euro-crisis and the how to overcome it.'\u003cbr\u003eGuy Verhofstadt, MEP, former Prime Minister of Belgium\u003c\/p\u003e -- .\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface\u003cbr\u003ePart I: How we arrived at this first Memorandum\u003cbr\u003e1. Was Greece ready for the Euro?\u003cbr\u003e2. New Democracy’s criminal indifference\u003cbr\u003e3. PASOK’s opportunistic optimism\u003cbr\u003e4. Being in denial\u003cbr\u003e5. Ineffective solutions\u003cbr\u003e6. The bitter truth\u003cbr\u003e7. The first Memorandum: a medicine with dangerous side effects\u003cbr\u003ePart II: The Memorandum’s first year of implementation\u003cbr\u003e8. The crisis spreads to the Union\u003cbr\u003e9. Implementing the Memorandum: an obstacle race\u003cbr\u003e10. ‘An all encompassing plan’ to solve the crisis in the Eurozone?\u003cbr\u003e11. ‘An all encompassing plan’ to solve the crisis in Greece?\u003cbr\u003e12. A year of the Memorandum: seeking a new solution\u003cbr\u003ePart III: Debt restructuring and power games\u003cbr\u003e13. Debt restructuring: The decisions of 21st July\u003cbr\u003e14. A dead end\u003cbr\u003e15. More hitches\u003cbr\u003e16. The new solution\u003cbr\u003e17. Political games with unpredictable consequences\u003cbr\u003ePart IV: Coalition government, psi, second Memorandum\u003cbr\u003e18. A flicker of hope\u003cbr\u003e19. Conflicts at the highest European level\u003cbr\u003e20. The new agreement with the Eurozone (Memorandum II), the PSI\u003cbr\u003e21. An evaluation of the Memorandum(s)\u003cbr\u003e22. Austerity and growth: implementing the decisions of 21st February 2012\u003cbr\u003e23. The crisis peaks\u003cbr\u003ePart V: Elections May–June 2012\u003cbr\u003e24. Elections of 6th May: Euro or drachma?\u003cbr\u003e25. Cracks in the Euro\u003cbr\u003e26. The Union at a dead end: change of course on 29th June\u003cbr\u003e27. The elections of 17th June: a new beginning?\u003cbr\u003e28. Provisional solutions. October 2012–June 2013\u003cbr\u003e29. The evaluations of the assistance programme to Greece\u003cbr\u003e30. Cyprus\u003cbr\u003ePart VI: The future of Greece and the European Union\u003cbr\u003e31. The causes of the crisis are not only economic\u003cbr\u003e32. A new European policy is necessary\u003cbr\u003eA. Economic governance\u003cbr\u003eB. Inclusion and participation\u003cbr\u003eAppendix: Key meetings and decisions of the institutions of the European Union relating to the financial crisis\u003cbr\u003eNote. The main Greek political parties\u003cbr\u003eFigure 1: Net borrowing of Greek government and economy (% of GDP)\u003cbr\u003eFigure 2: Greece. Primary expenditure, expenditure, revenue 1988–2014\u003cbr\u003eAbbreviations\u003cbr\u003eIndex\u003c\/p\u003e","brand":"Manchester University Press","offers":[{"title":"Default Title","offer_id":51037351805271,"sku":"9780719095795","price":68.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780719095795.jpg?v=1750935402","url":"https:\/\/bookcurl.com\/products\/the-european-debt-crisis-9780719095795","provider":"Book Curl","version":"1.0","type":"link"}