Asset Details
Do you wish to reserve the book?
Mediterranean Blues: The Crisis in Southern Europe
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Mediterranean Blues: The Crisis in Southern Europe
Do you wish to request the book?
Mediterranean Blues: The Crisis in Southern Europe
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Mediterranean Blues: The Crisis in Southern Europe
2014
Overview
The design of Europe's monetary union was flawed in that it works in a similar way to the interwar gold standard. With deflation the only viable option in response to crises, the burden of adjustment falls mainly on workers and debtors in deficit countries, while letting surplus countries off the hook. The euro crisis has thus not only led to a widening North-South gap within Europe, but also to an erosion of democratic legitimacy in the periphery. This has been manifested by the emergence of new antiestablishment parties and plummeting popular support for the EU in southern Europe. Voters have reacted to what they perceive as Brussels' encroachment on their national sovereignty and seeming failure to comply with democratic principles.
