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Crisis in the Eurozone: Austerity and Economic Transformation.
- Source :
-
Review of Radical Political Economics . Fall2017, Vol. 49 Issue 3, p394-409. 16p. - Publication Year :
- 2017
-
Abstract
- The paper presents an interpretation of austerity that sheds light on the crisis in the Eurozone. It argues that austerity is a long-term policy rather than an ill-conceived short-term remedy. To go beyond the by now familiar criticisms of austerity, we need to examine the crisis in its totality. Especially important are the impediments to a strong recovery driven by market incentives. This might ultimately undermine the very existence of the common currency and the future of the European Union.JEL Classification: E2, O4, B5. [ABSTRACT FROM AUTHOR]
- Subjects :
- *AUSTERITY
*ECONOMIC reform
*MONEY
*ECONOMIC policy
*ECONOMIC recovery
*EUROZONE
Subjects
Details
- Language :
- English
- ISSN :
- 04866134
- Volume :
- 49
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Review of Radical Political Economics
- Publication Type :
- Academic Journal
- Accession number :
- 125360458
- Full Text :
- https://doi.org/10.1177/0486613417703970