The "Greek Debt Crisis" explores the multifaceted factors that plunged Greece into economic turmoil, examining its relationship with the Eurozone and the effects of austerity measures. The book argues that the crisis wasn't solely due to Greek fiscal mismanagement, but also to the Eurozone's structural weaknesses. It highlights how austerity policies, designed to stabilize the economy, disproportionately affected vulnerable populations.
The book examines Greece's economy before joining the Eurozone, its period of economic expansion, and the accumulation of debt leading to the 2008 global financial crisis. It analyzes the austerity measures imposed by the "Troika" and their long-term consequences on Greek society and political stability. By integrating economic analysis with political science, sociology, and history, it offers a nuanced understanding of the crisis.
What sets this book apart is its challenge to narratives that solely blame Greece. Instead, it analyzes systemic failures within the Eurozone and critiques the effectiveness of austerity policies. The book maintains academic rigor while remaining accessible to a broad audience, making it valuable for anyone interested in understanding the complexities of the global financial system and the future of European economics.
