By Vassilis K. Fouskas, Constantine Dimoulas
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When the worldwide monetary trouble unfold to Europe and its vulnerable outer edge throughout the banking area, few meditated that the genuine explanations of the predicament didn't live basically within the defective architectures of globalisation and ecu integration but additionally in a reported power-shift to the 'global East'. The authors attach the 'local' with the 'global', and the 'local' with the 'European'. during this context, Fouskas and Dimoulas scrutinize the monetary, geopolitical and historic underpinnings of the present Greek debt problem that threatens not only the solidarity of the ecu Union, however the complete safety structure of the Euro-Atlantic global. through selecting the 'debt problem' as being one of many 'birthmarks' of Greece glided by the country's one hegemonic grasp onto one other, they problem the present half-truths in regards to the modern debt trouble in Greece and the Euro-zone.
'The authors have performed an exceptional activity by way of the point of interest of the publication. yet extra importantly their emphasis at the Political financial system size of the 'Great Recession' because it has affected Greece specifically provides a very good worth to the ebook now not regularly liked by way of the profession.' - Philip Arestis, college of Cambridge, UK
'The publication, written from the viewpoint of lengthy traces via heritage, opens a brand new perspective at the international and the eu problem. Intimate wisdom of Greece and its heritage is mixed with a globalist view of the financialized global. it's the rigidity among the 2, which permits many attention-grabbing and new insights. even though i'm much less pessimistic approximately Greece or even extra pessimistic concerning the way forward for the Euro-zone than the authors, the e-book is thought-provoking and unique and merits a huge readership.' - Heiner Flassbeck, United countries convention on alternate and improvement (UNCTAD), Switzerland
'This is a lucid, artistic and insightful exposition of the Greek/Euro-zone drawback. noticeable from the cutting edge theoretical viewpoint of 'global fault-lines' and the power-shift to Asia, the authors have produced a outstanding and thought-provoking theoretical and ancient narrative, that is either a punchy polemic and a powerful collecting of empirical proof. it is suggested interpreting for everyone wishing to come back to phrases with the worldwide power-shift that's unfolding ahead of our eyes.' - Bülent Gökay, Keele college, UK
'This is a primary e-book. It narrates the reality and the drama of the Greek humans attributable to unparalleled neo-liberal guidelines of austerity - the true social danger.' - Giulio Sapelli, college of Milan, Italy