Book Review (Germany)

Review: Europe on the brink;
Debt crisis and dissent in the European periphery
Bettina Müller (translation from the German original by the Author)

Austerity measures, Troika, PIIGS… Daily the newspapers tell us about the European crisis which has gone on for almost seven years now; one which should have been fixed a long time ago. It seems gratuitous to note that the current crisis management, spearheaded by the European Central Bank, the EU Commission and the International Monetary Fund (collectively called the Troika) has not yielded the desired results. In fact, it has made the situation worse. While European Union institutions remain undemocratic; while the interests and well-being of European citizens is considered less important than the interests of private enterprise and the banks; and until financial markets are effectively regulated: this will not change. These are the conclusions reached by eight economic and sociologists, including Nobel Laureate Joseph Stiglitz, brought together by economist Tony Phillips in his book: Europe on the brink, debt crisis and dissent in the European periphery, published by Zed Books of London (2014).
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