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* Shortlisted for the Academy of British Cover Design Awards, 2015* Greece's recent political turmoil captured the imagination of the left across Europe. Elected in January 2015 under the leadership of Alexis Tsipras, the radical Syriza party sought to challenge the European economic status-quo and secure a better future for the Greek people. The fierce confrontation with Greece's creditors which followed reverberated around the world. Kevin Ovenden tells the rocky story of Syriza's first six months in office. Despite the party's many defeats, the rise (and fall) of Syriza is a symbolic and important story to tell. The twists and turns of the bailout negotiations with the Troika, the brief reign of iconoclastic Finance Minister Yanis Varoufakis, and the worrying rise of Golden Dawn and the extreme right all converge to create a pivotal moment in Europe's recent history. Published in partnership with the Left Book Club.
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This book studies the rollercoaster first year in office of the Coalition of the Radical Left (SYRIZA), which for many Europeans constituted the hope for a different Europe, beyond austerity and national egocentrism. Through a collection of sharp and short articles and interviews that critically chronicle the rapid rise of SYRIZA, the author argues that SYRIZA is not so much a new European phenomenon, but rather a rejuvenated form of an old Greek phenomenon, left populism, which overpromises and seldom delivers. By putting the phenomenon of SYRIZA within a broader Greek and European context, in which political extremism and populism are increasingly threatening liberal democracy, Mudde argues that Greece is neither a new Weimar Germany nor the future of Europe. As SYRIZA has failed to bring the change it promised, the only remaining question now is whether it can establish itself in the Greek party system. This book will be of use to students and scholars interested in Greek politics, comparative politics, populism, and extremism. Cas Mudde is Associate Professor at the School of Public and International Affairs (SPIA) at the University of Georgia, USA, and Researcher at the Center for Research on Extremism (C-REX) at the University of Oslo, Norway. He is a leading expert on the far right and populism in Europe.
Populism --- Synaspismos Rizospastikēs Aristeras (Greece) --- Greece --- Politics and government. --- SYRIZA (Greece) --- Συνασπισμός Ριζοσπαστικής Αριστεράς (Greece) --- Political science --- Europe-Politics and government. --- Comparative politics. --- Political economy. --- Ethnology-Europe. --- European Politics. --- Comparative Politics. --- International Political Economy. --- European Culture. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Comparative political systems --- Comparative politics --- Government, Comparative --- Political systems, Comparative --- Europe—Politics and government. --- Ethnology—Europe. --- Europe --- Comparative government. --- International economic relations. --- Ethnology --- Culture. --- International Political Economy’. --- Cultural sociology --- Culture --- Sociology of culture --- Civilization --- Popular culture --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Gay culture Europe --- Europe. --- Social aspects
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How creditors came to wield unprecedented power over heavily indebted countries-and the dangers this poses to democracyThe European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates-why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts?In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone-including the dramatic capitulation of Greece's short-lived anti-austerity government to its European creditors in 2015.Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis-with devastating social consequences and far-reaching implications for democracy.
Debts, Public --- History --- Public finance --- Economic policy and planning (general) --- Debts, Public - History --- History. --- Amsterdam capital market. --- Argentina. --- Bank of Greece. --- Brady debt restructuring. --- Cristina Fernández de Kirchner. --- European debt crisis. --- Great Depression. --- Greece. --- Greek debt crisis. --- IMF. --- International Monetary Fund. --- King Philip II. --- Latin America. --- Mexico. --- Syriza party. --- bailout. --- bankers' alliance. --- bonds. --- capitalism. --- capitalist economy. --- conditional lending. --- contract enforcement. --- credit class. --- credit repayment. --- credit-money. --- credit. --- creditors. --- cross-border contract. --- debt crisis. --- debt moratorium. --- debt repayment. --- debt restructuring. --- debt service. --- debt servicing. --- debtor compliance. --- debtor discipline. --- default. --- democracy. --- democratic institutions. --- emergency lending. --- enforcement mechanism. --- external debt. --- finance. --- financial crisis. --- fiscal distress. --- foreign credit. --- foreign debt servicing. --- foreign investment. --- global finance. --- globalization. --- intermediary. --- international creditors. --- international crisis management. --- international debts. --- international lending. --- internationalization. --- lending cycles. --- long-term reputation. --- market discipline. --- power. --- public debt. --- repayment. --- short-term credit. --- social costs. --- solvency. --- sovereign debt crises. --- sovereign debt repayment. --- sovereign debt. --- sovereign default. --- spillover costs. --- structural power. --- syndicated lending. --- trade sanctions.
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Financial crises --- Right and left (Political science) --- Left (Political science) --- Left and right (Political science) --- Right (Political science) --- Political science --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- History --- Synaspismos Rizospastikēs Aristeras (Greece) --- SYRIZA (Greece) --- Συνασπισμός Ριζοσπαστικής Αριστεράς (Greece) --- Greece --- al-Yūnān --- Ancient Greece --- Ellada --- Ellas --- Ellēnikē Dēmokratia --- Elliniki Dimokratia --- Grčija --- Grèce --- Grecia --- Gret︠s︡ii︠a︡ --- Griechenland --- Hellada --- Hellas --- Hellenic Republic --- Hellēnikē Dēmokratia --- Kingdom of Greece --- République hellénique --- Royaume de Grèce --- Vasileion tēs Hellados --- Xila --- Yaṿan --- Yūnān --- Ελληνική Δημοκρατία --- Ελλάς --- Ελλάδα --- Греция --- اليونان --- يونان --- 希腊 --- Politics and government
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How creditors came to wield unprecedented power over heavily indebted countries-and the dangers this poses to democracyThe European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates-why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts?In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone-including the dramatic capitulation of Greece's short-lived anti-austerity government to its European creditors in 2015.Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis-with devastating social consequences and far-reaching implications for democracy.
Debts, Public --- History. --- Amsterdam capital market. --- Argentina. --- Bank of Greece. --- Brady debt restructuring. --- Cristina Fernández de Kirchner. --- European debt crisis. --- Great Depression. --- Greece. --- Greek debt crisis. --- IMF. --- International Monetary Fund. --- King Philip II. --- Latin America. --- Mexico. --- Syriza party. --- bailout. --- bankers' alliance. --- bonds. --- capitalism. --- capitalist economy. --- conditional lending. --- contract enforcement. --- credit class. --- credit repayment. --- credit-money. --- credit. --- creditors. --- cross-border contract. --- debt crisis. --- debt moratorium. --- debt repayment. --- debt restructuring. --- debt service. --- debt servicing. --- debtor compliance. --- debtor discipline. --- default. --- democracy. --- democratic institutions. --- emergency lending. --- enforcement mechanism. --- external debt. --- finance. --- financial crisis. --- fiscal distress. --- foreign credit. --- foreign debt servicing. --- foreign investment. --- global finance. --- globalization. --- intermediary. --- international creditors. --- international crisis management. --- international debts. --- international lending. --- internationalization. --- lending cycles. --- long-term reputation. --- market discipline. --- power. --- public debt. --- repayment. --- short-term credit. --- social costs. --- solvency. --- sovereign debt crises. --- sovereign debt repayment. --- sovereign debt. --- sovereign default. --- spillover costs. --- structural power. --- syndicated lending. --- trade sanctions.
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This book provides a comparative analysis of how two radical left parties achieved government participation and their subsequent political experiences. In the face of the most severe and most prolonged crisis in the history of capitalism, it would be expected for radical left parties to seize the opportunity to promote their political agenda. Although reality has often confounded prognosis, two particular radical left parties – the Greek SYRIZA and the Cypriot AKEL – were elected to the highest government office. The author uses these two examples to engage with the broader question of what to expect when left-wing radicals achieve governance. This question is now of particular importance given the emergence of radical leftists in other parts of Europe, including Corbyn in the UK and Podemos in Spain. Yiannos Katsourides is Adjunct Lecturer in the Department of Social and Political Sciences at the University of Cyprus. He has also taught at the European University Cyprus. His previous book, The History of the Communist Party in Cyprus: Colonialism, Class and the Cypriot Left, was published in July 2014. Dr Katsourides has been awarded fellowships from the Institute of Commonwealth Studies of the University of London and the Hellenic Observatory of the London School of Economics. .
Right and left (Political science) --- Political parties --- Socialism --- History --- Greece --- Cyprus --- Politics and government --- Droite et gauche (Science politique) --- Synaspismos (Political party : Greece) --- Anorthōtiko Komma Ergazomenou Laou (Cyprus) --- Grèce --- Chypre --- Politique et gouvernement --- Europe-Politics and government. --- Political economy. --- Democracy. --- European Politics. --- International Political Economy. --- Self-government --- Political science --- Equality --- Representative government and representation --- Republics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Europe—Politics and government. --- Synaspismos Rizospastikēs Aristeras (Greece) --- Anorthotiko Komma Ergazomenu Laou --- Syriza --- 2000-2099 --- Cyprus. --- Greece. --- Synaspismos Rizospastikēs Aristeras --- Partei --- Athen --- Griechenland --- 22.05.2012 --- -Anorthōtiko Κόμμα Εργαζόμενου Λαού --- Fortschrittspartei des Werktätigen Volkes --- Progressive Party of the Working People --- AKEL --- Zypern --- SYRIZA (Greece) --- AKEL (Cyprus) --- Anorthōtiko Komma Ergazomenou Laou --- Ανορθωτικό Κόμμα Εργαζόμενου Λαού (Cyprus) --- Συνασπισμός Ριζοσπαστικής Αριστεράς (Greece) --- al-Yūnān --- Ancient Greece --- Ellada --- Ellas --- Ellēnikē Dēmokratia --- Elliniki Dimokratia --- Grčija --- Grecia --- Gret͡sii͡ --- Hellada --- Hellas --- Hellenic Republic --- Hellēnikē Dēmokratia --- Kingdom of Greece --- République hellénique --- Royaume de Grèce --- Vasileion tēs Hellados --- Xila --- Yaṿan --- Yūnān --- Chipre --- Ciper --- Cipro --- Cypern --- Kıbrıs --- Kıbrıs Cumhuriyeti --- Kipr --- Kipriaki Dhimokratia --- Kipŭr --- Kypriakē Dēmokratia --- Kypros --- Ostrov Kipr --- Qubru --- Republic of Cyprus --- Tsiprus --- Qubruṣ --- Κύπρος --- Κυπριακή Δημοκρατία --- Кипр --- Остров Кипр --- Cyprus (Turkish republic of northern Cyprus, 1983- ) --- Cyprus (Turkish federated state, 1975-1983) --- Gret︠s︡ii︠a︡ --- Ελληνική Δημοκρατία --- Ελλάς --- Ελλάδα --- Греция --- اليونان --- يونان --- 希腊 --- Right and left (Political science) - Greece --- Right and left (Political science) - Cyprus --- Political parties - Greece - History - 21st century --- Political parties - Cyprus - History - 21st century --- Socialism - Greece - History - 21st century --- Socialism - Cyprus - History - 21st century --- Greece - Politics and government - 21st century --- Cyprus - Politics and government - 21st century --- Europe --- Politics and government. --- Politics --- Economics.
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