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
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Extra info for Greece, Financialization and the EU: The Political Economy of Debt and Destruction
Sample text
Young boys and girls were sent off to servitude as palace eunuchs and members of the Royal Harem. The Ionian Revolt was over, and the invasion of mainland Greece had, by that fact alone, become inevitable. The most interesting casualty of this debacle was an enigmatic Athenian aristocrat named Miltiades. In about 555 his uncle had been sent out by Peisistratus - the Athenian tyrant, Hippias's father - to rule the Thracian Chersonese, the long peninsula which forms the European side of the Dardanelles.
Outside Pasargadae his troops mutinied, and turned him over to Cyrus. This was in 550. Cyrus proceeded to capture the Median capital, Ecbatana, which * Herzfeld (see Bibliography) has recently argued that Parsa's large eastern expansion was already an accomplished fact. His speculations are intriguing (Kambujiwa indeed sounds like an Indian name) but not conclusive. 6 DARIUS AND THE WEST yielded him a fabulous amount of booty. From now on Media lost its independence, and in fact became the first satrapy of the new Persian empire.
The Queen Mother Atossa, Darius's widow, asks a Royal Councillor various questions concerning Athens, and finally (as one might expect from a dowager in her position) quizzes him on the Athenian power-structure, which she assumes to be a replica, mutatis mutandis, of that at Susa. ' she asks. ' This to Atossa suggests incompetent anarchy, a view which the Athenian demos, in its more perverse moments, might seem to confirm. ' - a feed-line if ever there was one. 'So well,' the Councillor tells her, 'that they destroyed the great and magnificent army of Darius'.