George Pagoulatos, addresses the Challenge of the EMU deepening in a special issue of EPC’s “Challenge Europe” titled: “Yes, we Should! EU priorities for 2019-2024”. In his contribution, Deepening the EMU as a win-win: How to keep the reform debate alive, Prof. Pagoulatos argues that despite some institutional tinkering since 2010, the eurozone remains underequipped to face the next big crisis. That is…
As the familiar saga unfolds of another seemingly never-ending review and a looming deadline of debt payments (€7.4bn due in July), it is tempting to view the Greek crisis with a mix of déjà vu, exhaustion and resignation. Add anger and despair, since these are the prevalent emotions in Greek society as well – for good reasons, to be fair.…
Theoretically, Greece should have been a laboratory of left-wing policies, with its terrible combination of inequality, poverty and unemployment. But how feasible are left-wing policies within the eurozone? The question is relevant, not only because of the SYRIZA-led government in Greece, but also due to the prospect of a leftist coalition in Portugal. Global capitalism is conducive to leftist protest,…
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The world in which our desires materialize provided we strongly want it is a perfect world. It has only one weakness: it exists in our imagination – and in bad literature. Students of politics prefer to focus not on the power of will, but on the impact of external constraints. Practitioners of politics and policymakers naturally tend to blame outside…