The last couple of years have seen the eurozone lurch from crisis
to calamity. With Greece, Portugal and Ireland already driven to
the brink of economic catastrophe, and the threat that a number of
other EU countries are soon to follow, the consequences for the
global economy are potentially dire. In The Great Eurozone
Disaster, Heikki Patomaki dissects the current crisis, revealing
its origins lie in the instability that has driven the process of
financialisation since the early 1970s. Furthermore, the public
debt crises in the European deficit countries have been aggravated
rather than alleviated by the responses of the Commission and
leaders of the surplus countries, especially Germany. Providing a
captivating narrative about how Europe ended up in its present
predicament, Patomaki presents a radical new vision for 'global
economic democracy' as the only viable way out of the current
crisis.
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