The Political Economy of the Eurozone’s Rollercoaster Greece and Portugal from the Global Financial Crisis to Covid-19

Global crises throughout history have shaken humanity and transformed economies and societies. The Eurozone faced two such crises soon after its foundation. This book brings new insights regarding the Eurozone’s response to the Global Financial Crisis in 2008 and the Covid-19 pandemic and its effectiveness in dealing with the macroeconomic imbalances in Europe. Is the Eurozone more resilient now? This book is an indispensable addition to the literature on the recent global crises and the Eurozone for both academics and policymakers who are eager to delve deeper into these vital questions.

Chapter 1. Introduction.- Chapter 2. The Neoclassical and Keynesian perspectives and the rebirth of Comparative Political Economy.- Chapter 3. From the birth of the Euro to the Eurozone crisis: What went wrong?.- Chapter 4. The European response to the global financial crisis: Reinforcing the status quo?.- Chapter 5. The bailout programmes in the ‘intermediate’ economies.- Chapter 6. The European response to Covid-19: A break with the past?.- Chapter 7. Conclusions.

Dr Konstantinos Myrodias is Lecturer in International Political Economy at King’s College London and a Visiting Fellow at the London School of Economics.