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What explains the sharp divide in European public attitudes toward Grexit? We explore this question using original surveys from four of the largest European economies. We contend that differences in economic self-interest, and the often-mentioned chasm between supporters of mainstream and extremist parties, provide little insight into the public divide over Grexit. Instead, we show that the key factor is the split between the left and the right. We then develop and test a set of theoretical explanations for the prominence of this cleavage. We find that the left-right divide over Grexit is not driven by differences in attitudes on redistribution, levels of empathy, or general European Union support. Instead, left and right voters seem to have different expectations about how a default and exit of a currency-union member would affect the European economy. These expectations likely reflect differences in core beliefs about the consequences of a free-market approach. [ABSTRACT FROM AUTHOR]

The ancient Athenian democracy emerged in 508 (all dates BCE), became a dominant naval power, fought a multitude of external wars and ended in 322 after it was defeated by Macedon and was replaced by oligarchy. The paper employs a political economy framework to examine the demise of democracy. It illustrates that war was a means of redistribution, benefiting the majority of poorer Athenians at the expense of the rich elite, who bore a disproportionate burden of its cost. A model of conflict is set up to study the incentives of the poor majority to go to war. After analyzing a dynamic setting it also investigates the circumstances when after defeating Athens her enemy chooses to impose oligarchy that disenfranchises the poor. As victory at war is probabilistic it is concluded that the fall of the democracy was neither unavoidable nor inevitable. [ABSTRACT FROM AUTHOR]

The article discusses the financial crisis in Greece which began in 2009. Information on academic works done on the subject from various approaches including economic, political, and anthropological, and the book "Greece, Financialization and the EU: The Political Economy of Debt and Destruction" by Vassilis K. Fouskas and Constantine Dimoulas is presented.