The Greek crisis is not just about Greece. “Greece, Financialization and the EU: The Political Economy of Debt and Destruction” opens a new point of view on the global and the European crisis.
When the global financial crisis spread to Europe and its weak periphery through the banking sector, few contemplated that the real causes of the crisis did not reside only in the faulty architectures of globalisation and European integration but also in a pronounced power-shift to the ‘global East’. Vassilis K. Fouskas and Constantine Dimoulas connect the ‘local’ with the ‘global’, and the ‘local’ with the ‘European’. In this context, the authors scrutinize the financial, geopolitical and historical underpinnings of the current Greek debt crisis that threatens not just the cohesion of the European Union, but the entire security architecture of the Euro-Atlantic world. By identifying the ‘debt problem’ as being one of the ‘birthmarks’ of Greece passed by the country’s one hegemonic master onto another, they challenge the current half-truths about the contemporary debt crisis in Greece and the Euro-zone.
(open access to Foreword, Timeline of main events in Greece and Europe fro October 2009 to March 2013, Notes)