Southern Europe and the Financial Earthquake

Southern Europe and the Financial Earthquake
Author: Susannah Verney
Publisher: Routledge
Total Pages: 158
Release: 2016-04-14
Genre: Political Science
ISBN: 1317622359

Following the outbreak of the international financial crisis, Southern Europe became an epicentre of economic instability and international concern. The prospect of a sovereign debt default in the eurozone’s ‘flaky fringe’ sent shock waves through the European and global economies. Examining the crucial initial phase, when the financial crisis was just beginning to spill over into the real economy, the volume surveys the impact of the September 2008 Lehman Brothers’ collapse across the EU’s southern periphery. The six South European eurozone members – Italy, Greece, Spain, Portugal, Cyprus and Malta – are viewed in comparative perspective with EU candidate state and non-eurozone member, Turkey. In an era before the spectacular EU/IMF bailouts, the picture that emerges is one of national differentiation, illuminating these countries’ different starting points and varying policy responses in the face of the gathering financial storm. This book was published as a special issue of South European Society and Politics.

Southern Europe and the Financial Earthquake

Southern Europe and the Financial Earthquake
Author: Susannah Verney
Publisher: Routledge
Total Pages: 143
Release: 2016-04-14
Genre: Political Science
ISBN: 1317622367

Following the outbreak of the international financial crisis, Southern Europe became an epicentre of economic instability and international concern. The prospect of a sovereign debt default in the eurozone’s ‘flaky fringe’ sent shock waves through the European and global economies. Examining the crucial initial phase, when the financial crisis was just beginning to spill over into the real economy, the volume surveys the impact of the September 2008 Lehman Brothers’ collapse across the EU’s southern periphery. The six South European eurozone members – Italy, Greece, Spain, Portugal, Cyprus and Malta – are viewed in comparative perspective with EU candidate state and non-eurozone member, Turkey. In an era before the spectacular EU/IMF bailouts, the picture that emerges is one of national differentiation, illuminating these countries’ different starting points and varying policy responses in the face of the gathering financial storm. This book was published as a special issue of South European Society and Politics.

The Impact of the Economic Crisis on South European Democracies

The Impact of the Economic Crisis on South European Democracies
Author: Leonardo Morlino
Publisher: Springer
Total Pages: 150
Release: 2017-03-30
Genre: Political Science
ISBN: 3319523716

This book questions whether and to what extent a conjunctural phenomenon such as an economic crisis can bring about lasting political consequences. It focuses on the parties and party systems of four South European countries (Portugal, Spain, Italy, and Greece) between 2008-15. The authors also consider how elections, protests, and interests are affected by the crisis in these four democracies, before assessing how to define the impact of the economic crisis on political participation and competition. In this vein the book analyzes relevant aspects of party systems, the notion of neo-populism as a key to understanding new actors of South European policy, and interest intermediation as a factor of weakness in managing the crisis. Finally, the authors summarize the empirical results emerging from the research: the partial reshaping of cleavages as well as the relevance of the establishment vs. anti-establishment cleavage for the emergence and success of neo-populist parties. The book will be of use to students and scholars interested in South European politics, comparative politics, and democracies.

Economic Crisis and Structural Reforms in Southern Europe

Economic Crisis and Structural Reforms in Southern Europe
Author: Paolo Manasse
Publisher:
Total Pages: 0
Release: 2018
Genre: Economic development
ISBN: 9781138280335

In recent years the countries of southern Europe have undergone a serious and prolonged economic crisis. Most have had to implement comprehensive economic adjustment programmes, including a wide range of structural reforms. This title examines these reforms, drawing policy lessons from their successes and failures.

Economic Adjustment in New Democracies

Economic Adjustment in New Democracies
Author: D. Ethier
Publisher: Springer
Total Pages: 190
Release: 1997-05-29
Genre: Business & Economics
ISBN: 0230377947

The politics of economic adjustment in new democracies has received a lot of attention. However, none of the most recent examinations provide a thorough comparative analysis of Southern Europe. Ethier's book fills this gap. The book challenges many existing preconceptions about Southern Europe, while confirming and complementing the main assertions of comparable studies on Eastern Europe, Latin America, Asia and Africa.

Crisis Spaces

Crisis Spaces
Author: Costis Hadjimichalis
Publisher: Routledge
Total Pages: 383
Release: 2017-11-08
Genre: Business & Economics
ISBN: 1317291093

The financial malaise that has affected the Eurozone countries of southern Europe – Spain, Portugal, Italy and, in its most extreme case, Greece – has been analysed using mainly macroeconomic and financial explanations. This book shifts the emphasis from macroeconomics to the relationship between uneven geographical development, financialization and politics. It deconstructs the myth that debt, both public and private, in Southern Europe is the sole outcome of the spendthrift ways of Greece, Spain, Italy and Portugal, offering a fresh perspective on the material, social and ideological parameters of the economic crisis and the spaces where it unfolded. Featuring a range of case examples that complement and expand the main discussion, Crisis Spaces will appeal to students and scholars of human geography, economics, regional development, political science, cultural studies and social movements studies.

Economic Crisis and Austerity in Southern Europe

Economic Crisis and Austerity in Southern Europe
Author: Maria Petmesidou
Publisher: Routledge
Total Pages: 137
Release: 2017-10-02
Genre: Political Science
ISBN: 1317525825

Southern Europe has been hit hard by the global economic crisis and, as such, their welfare states have come under acute strain. Unmet need has sharply increased while significant welfare reforms and deep social spending cuts have been prominent in the crisis management solutions implemented by governments, labouring under EU constraints and the strict rescue-deal requirements for Greece and Portugal. This volume provides a systematic comparative appraisal of welfare-state reform trajectories across Southern Europe prior to and during the crisis, and traces the impact of austerity policies and wider recession upon income inequality and poverty. It brings together a number of cross-country studies on major social policy areas, raising crucial questions. What policy choices are driving reforms as Southern European economies work their way out of fiscal difficulty? Can the crisis provoke the improvement of institutional capabilities and recalibration of social? Or, instead, does structural adjustment indicate a significant policy turn towards the erosion of social rights? The contributions critically approach these issues and bring evidence to bear upon whether Southern European welfare capitalisms are becoming more dissimilar. This book was originally published as a special issue of South European Society & Politics.

Government-opposition in Southern European Countries During the Economic Crisis

Government-opposition in Southern European Countries During the Economic Crisis
Author: Elisabetta De Giorgi
Publisher: Routledge
Total Pages: 0
Release: 2015-06
Genre: Europe, Southern
ISBN: 9780415817523

As a result of the financial crisis, opposition parties have had to choose between the need to cooperate with the majority in order to contribute to necessary socio-economic changes, and the opportunity to stress their adversarial position vis-à-vis governments taking radical and unpopular measures. This book examines how opposition parties address this dilemma. It relies on a qualitative and quantitative analysis of the behaviour of the opposition parties in parliament, in light of the socio-economic issues that have arisen in recent years. It focuses in particular on the impact that the economic malaise has had on the government-opposition dynamics in the four southern European democracies most acutely hit by the crisis: Greece, Italy, Portugal and Spain, as well as in the European Parliament. Each chapter utilizes a combination of empirical data analysis and qualitative process-tracking to understand the opposition parties’ complicated choice between supporting and dissenting. This book was originally published as a special issue of the Journal of Legislative Studies.