Austerity: European democracies against the wall
"The crisis in the eurozone has had a dramatic impact on the economic and social fabric of European countries. However important it may be, the economic dimension is only the symptom of a broader problem. The crisis is primarily political in nature. Lorenzo Bini Smaghi argues in this book that...
| Main Author: | |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Brussels
2013
CEPS |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19124740124919429229-austerity-european-democracies.htm |
| _version_ | 1771659895113777152 |
|---|---|
| author | Bini Smaghi, Lorenzo |
| author_facet | Bini Smaghi, Lorenzo |
| collection | Library items |
| description | "The crisis in the eurozone has had a dramatic impact on the economic and social fabric of European countries. However important it may be, the economic dimension is only the symptom of a broader problem. The crisis is primarily political in nature. Lorenzo Bini Smaghi argues in this book that the crisis reflects the inability of western democracies to solve problems that have been building for over two decades. He finds that democratically elected officials are loathe to take unpopular decisions that could jeopardise their re-election. Emergency thus becomes the engine of political action, and the justification for corrective measures vis-à-vis the voters. As a consequence, the cure in the form of austerity, administered belaatedly and under pressure from the markets, becomes even more painful and unpopular, giving rise to populist movements and endangering democracy itself." |
| format | TEXT |
| geographic | EU countries |
| id | 19124740124919429229_9c1d763583834153926cce7eae2e16f2 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19124740124919429229_9c1d763583834153926cce7eae2e16f2 |
| is_hierarchy_title | Austerity: European democracies against the wall |
| language | English |
| physical | 151 p. Digital |
| publishDate | 2013 |
| publisher | Brussels CEPS |
| spellingShingle | Bini Smaghi, Lorenzo democracy economic and social development economic recession government policy Austerity: European democracies against the wall |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=100194692837 |
| title | Austerity: European democracies against the wall |
| topic | democracy economic and social development economic recession government policy |
| url | https://www.labourline.org/KENTIKA-19124740124919429229-austerity-european-democracies.htm |