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Artikel-Nr. 15669533


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Autor(en): 
  • Lorenzo Bini Smaghi
  • Austerity: European Democracies against the Wall 
     

    (Buch)
    Dieser Artikel gilt, aufgrund seiner Grösse, beim Versand als 2 Artikel!


    Übersicht
     
    Lieferstatus:   i.d.R. innert 14-24 Tagen versandfertig
    Genre:  Wirtschaft / Recht 
    ISBN:  9789461383303 
    EAN-Code: 
    9789461383303 
    Verlag:  Centre for European Policy Studies 
    Einband:  Kartoniert  
    Sprache:  English  
    Dimensionen:  H 242 mm / B 170 mm / D 10 mm 
    Gewicht:  284 gr 
    Seiten:  157 
    Bewertung: Titel bewerten / Meinung schreiben
    Inhalt:
    The crisis in the eurozone has had a dramatic impact on the economic and social fabric of European countries. However, the economic dimension is only the symptom of a broader problem. The crisis is primarily political in nature. Lorenzo Bini Smaghi argues in this book that the crisis reflects the inability of western democracies to solve problems that have been building for over two decades. He finds that democratically elected officials are loathe to take unpopular decisions that could jeopardize their reelection. Emergency thus becomes the engine of political action, and the justification for corrective measures vis-?-vis the voters. As a consequence, the cure in the form of austerity, administered belatedly under pressure from the markets, becomes even more painful and unpopular, giving rise to populist movements and endangering democracy itself.

      
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