Europe in crisis : bolt from the blue? / Ivan T. Berend.

Format:

Book

Author/Creator:

Berend, T. Iván (Tibor Iván), 1930-

Language:

English

Subjects (All):

Recessions--Europe--History--21st century.

Recessions.

Europe--Economic policy.

Europe.

Physical Description:

1 online resource (185 p.)

Edition:

1st ed.

Place of Publication:

New York : Routledge, 2013.

Language Note:

English

Summary:

This book analyzes the European Great Recession of 2008-12, its economic and social causes, its historical roots, and the policies adopted by the European Union to find a way out of it. It contains explicit debates with several economists and analysts on some of the most controversial questions about the causes of the crisis and the policies applied by the European Union.It presents the cases of Iceland, Greece and Ireland, the countries that first declined into crisis in Europe, each of them in a different way. Iceland is a case study for reckless banking practices, Greece of

Contents:

Cover; Title; Copyright; CONTENTS; List of tables; Preface; Introduction: "Unprecedented freedom from cyclical instability"; 1 Variations on a theme: Iceland, Greece, and Ireland's road toward the crisis; Variation no. 1: Iceland; Variation no. 2: Greece; Variation no. 3: Ireland; 2 The fall-of 2008: from the financial crisis to the crisis of the euro; The exploding financial crisis; Portugal; Italy; Spain; Do the "transition" Eastern peripheries have a special crisis?; Hungary and Latvia: lost in transition?; The all-European crisis; The decline of the real economy; The crisis of the euro

3 The economic causes: contemporary European capitalism: The financialized, deregulated market system in the globalized world economy and partially integrated EuropeThe financialized capitalist system; Financialization and globalization; The deregulated market system; The structural tribulations of the European Union and the euro-zone; The "original sin" of the euro's construction; 4 The social causes: living beyond our means; The new dream: consumption; A new social setting for consumer society; Consumerism; Consumer infrastructure and stimulus; Credit consumerism

Will "Social Europe" be rebuilt?5 Which way Europe? Managing the economic crisis and the way out; Crisis management: stimulus packages and bailouts; Crisis management: austerity measures; The return to a regulated market system; Structural-institutional changes in the European Union; Future alternatives for the European Union and the euro-zone; Notes; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

1-136-19334-0

0-203-08470-5

1-283-84313-7

1-136-19335-9

9780203084700

OCLC:

819380226