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Reflections on the Eurozone crisis: austerity, neo-liberal restructuring and resistance.

Reflections on the Eurozone crisis: austerity, neo-liberal restructuring and resistance. | European Political Economy | Scoop.it

Over the last 14 months, I have published several posts dealing with aspects of the Eurozone crisis and the struggle against the imposition of austerity across Europe. In this post, I will bring them together in one narrative. My general focus is on uneven and combined development in Europe as the underlying structural dynamic of the crisis, neo-liberal restructuring and its limits, the move towards authoritarian government as well as issues of resistance in the European core and periphery.

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An excellent round-up of innovative posts about the eurozone crisis. A must for anyone who wants to understand how we got here, why, and what may need to happen to take things in a different direction.

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European Political Economy
A collection of short pieces related to various areas of my PhD research.
Curated by Jamie Jordan
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The Anti-Middleman Movement in Greece

by Theodoros Rakopoulos, University of Bergen, Norway[1] Coops have often been a grassroots response to economic crises of the sort Greece has been facing for the past six years, offering a safety net for workers, salvaging jobs in times of […]
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Thames Water: the drip, drip, drip of discontent | Aditya Chakrabortty

Thames Water: the drip, drip, drip of discontent | Aditya Chakrabortty | European Political Economy | Scoop.it
Aditya Chakrabortty: Remember Sid? He was the one who promised us a brave new world of privatisation. Tell that to Thames Water customers
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Precarious work and the organisation of workers - Progress in Political Economy (PPE)

Precarious work and the organisation of workers - Progress in Political Economy (PPE) | European Political Economy | Scoop.it

The issue of precarious work and of the organisation of precarious workers is becoming one of the core themes of research not just within the sociology of work and labour but also across the whole social sciences’ spectrum. Conditions of precariousness or precarity at work are in fact directly connected with discussions on the models of global capital accumulation, on life conditions in urbanised environments, on the emergence of new subjectivities and the politics of representation, on the reconfiguration of the working class and its organisations, on social justice and civil rights and on migrations and borders’ regulations. Discussions on precarity are thus profoundly interdisciplinary, transnational in their reach and critical of the status quo, interrogating the present in search of a more equal future.

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Too many businesses want a piece of the financial action - FT.com

Too many businesses want a piece of the financial action - FT.com | European Political Economy | Scoop.it
One of the great ironies of business today is that the richest and most powerful companies in the world are more involved than ever before in the capital markets at a time when they do not actually need any capital. Take Apple, which has around $200b
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The Coming Crisis: enduring imbalances in the Eurozone | SPERI

In the third blog in SPERI’s new series on ‘the coming crisis’ Scott Lavery examines three areas of imbalance in the Eurozone and argues that the single currency area remains vulnerable to a future economic downturn
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A Push for Greek Cuts Even Creditors Think Go Too Far

A Push for Greek Cuts Even Creditors Think Go Too Far | European Political Economy | Scoop.it
Six years to the week after Greece’s ill-starred bailout began, the government and its creditors are stuck at an impasse that threatens to push the country to the brink of default again.
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Greek dock workers feel betrayed by Syriza’s broken promises | Red Pepper

Greek dock workers feel betrayed by Syriza’s broken promises | Red Pepper | European Political Economy | Scoop.it

Dock workers in Greece are striking against further privatisations as Syriza's popularity tumbles, writes Will Horner


This is due to the privatisation of Piraeus in 2016.

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Greece on the breadline: 'potato movement' links shoppers and farmers

Greece on the breadline: 'potato movement' links shoppers and farmers | European Political Economy | Scoop.it
A scheme letting consumers buy food straight from producers is typical of the inventive ways Greeks are finding to get by
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2,5 million Greeks have now access to healthcare

2,5 million Greeks have now access to healthcare | European Political Economy | Scoop.it

Today in the Greek Parliament a much-needed program passed. The government introduced a part of its “parallel program” aimed to give access to healthcare services for 2,5 million Greeks, not covered by any social security scheme.

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Global unionism: The Supply-Chain Model

Global unionism: The Supply-Chain Model | European Political Economy | Scoop.it
How do we build global unions? That is, how do working people come together across borders to support each other, to protect the environment and to start shifting the goal posts... from competition and profit towards cooperation and sustainability? We already have international union federations - in fact some of them have been around for…
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Portugal to unwind TAP Air privatisation - FT.com

Portugal’s Socialist government has reached an agreement with investors to unwind the privatisation of TAP Air Portugal in a deal that leaves the country’s struggling flag carrier under private management but gives the state a veto over strategic
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Portugal’s recovery stymied by debt - FT.com

Portugal’s recovery stymied by debt - FT.com | European Political Economy | Scoop.it
More than four years after the EU and IMF rescued Portugal from imminent bankruptcy, debt continues to gnaw at the economy. The combined total of public, corporate and household debt represents more than 370 per cent of GDP, one of the heaviest debt
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Euclid Tsakalotos: Greek finance minister on the hard path of post-bailout reform

Euclid Tsakalotos: Greek finance minister on the hard path of post-bailout reform | European Political Economy | Scoop.it
Syriza’s economist talks about the drawbacks of Grexit, the need for debt relief and the task of pursuing the elite for unpaid taxes
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Labour laws already emerging as key issue for next bailout review

Labour laws already emerging as key issue for next bailout review | European Political Economy | Scoop.it
Even though the first review of Greece’s third bailout has barely concluded, attention is already shifting to the next review this autumn, which also promises to be far from straightforward.
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Democracy and Eurozone structural adjustment programmes | SPERI

Democracy and Eurozone structural adjustment programmes | SPERI | European Political Economy | Scoop.it
The European Parliament’s new role in Eurozone structural adjustment programmes is institutionally ambiguous and offers only limited democratic improvement
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Austerity is far more than just cuts. It’s about privatising everything we own | Aditya Chakrabortty

Austerity is far more than just cuts. It’s about privatising everything we own | Aditya Chakrabortty | European Political Economy | Scoop.it
Desperate for short-term cash, George Osborne is causing long-term damage by selling off Britain’s most prized assets. ‘Everything must go’ is now public policy
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Free Lunch: Removing the debt overhang - FT.com

Free Lunch: Removing the debt overhang - FT.com | European Political Economy | Scoop.it
Eurozone governments are finally edging towards a restructuring of the loans they have been extending since 2010 to refinance the Greek government’s debt to private creditors. (As a research paper confirms, a small share of those loans went to pay
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Greek bond yields drop below 8 percent after debt relief offer, JOHN GEDDIE | Kathimerini

Greek bond yields drop below 8 percent after debt relief offer, JOHN GEDDIE | Kathimerini | European Political Economy | Scoop.it
Greece's 10-year bond yields fell below 8 percent for the first time in over six months on Tuesday after euro zone finance ministers offered debt relief to the country from 2018.
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Near Futures - Europe at a Crossroads

Near Futures - Europe at a Crossroads | European Political Economy | Scoop.it
In Greece, the combined effects of the financial crisis and the budgetary cuts purported to mend it have been swift and devastating. Since 2008, the unemployment rate has increased over 200%. About 50% of youths under 25 are unemployed – compared to 7% in Germany. More than a million people have been laid off in the last 6 years, and the number of Greeks suffering from depression has increased 300%. 

 Thessaloniki, the second largest city in Greece, has not been spared. In some of the main shopping streets, more than 50% of the stores have permanently closed down. For the local population, the iron curtains of the closed shops are just the tip of the iceberg; they are the most visible aspect of the austerity shock that hit them in May 2010, when the first memorandum of agreement between Greece and its creditors was signed.
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Greece's food crisis: families face going hungry during summer shutdown

Greece's food crisis: families face going hungry during summer shutdown | European Political Economy | Scoop.it
Frontline charities report that up to 90% of families in the poorest neighbourhoods rely on food banks and soup kitchens. But, with no end to austerity in sight, even the volunteers are flaggingShare your story via GuardianWitness
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Greece picks China’s Cosco in port deal - FT.com

Greece picks China’s Cosco in port deal - FT.com | European Political Economy | Scoop.it
Greece has named China’s state-controlled Cosco shipping group as the preferred bidder in a €1.5bn deal to control and run Piraeus port, opening the way for the site to become an important transit hub for trade between Asia and central Europe. The
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Why internal devaluation fails

Why internal devaluation fails | European Political Economy | Scoop.it
Martin Myant of the European Trade Union Institute presents evidence from a new book analysing national responses to the eurozone crisis which shows that the
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The global supply chain behind the iPhone 6

The global supply chain behind the iPhone 6 | European Political Economy | Scoop.it
We all know that the majority of our technology gadgets are produced in China, but the supply and manufacturing process isn't quite as simple as it might appear.
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More than half of Greek households rely mainly on pensions

More than half of Greek households rely mainly on pensions | European Political Economy | Scoop.it
The main source of income for just over half of Greek households is still a pension, while just over 37 percent mainly rely on wages, the annual survey on income and household expenditure f...
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Piraeus Bank names new directors in wake of CEO’s sacking - FT.com

Piraeus Bank names new directors in wake of CEO’s sacking - FT.com | European Political Economy | Scoop.it
Greece’s largest lender, Piraeus Bank, has named three representatives of foreign shareholders to its board for the first time as a drive to improve governance of the country’s recession-hit banking sector gets under way. The move by Piraeus
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