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First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.… (altro)
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Primero fue la crisis del crédito, y gobiernos de todo el mundo intervinieron para rescatar a los bancos; después vino la crisis de la deuda soberana, que ha golpeado duramente a la eurozona. Ahora es el momento de pagar las consecuencias, y ciudadanos de a pie de toda Europa están empezando a comprender que el socialismo de los pudientes significa hacer unos cuantos agujeros más en sus ya apretados cinturones. Lapavitsas afirma que la austeridad europea es contraproducente: los recortes en el gasto público supondrán una recesión más larga y profunda, agravarán la carga de la deuda, pondrán aún más en peligro a los bancos y puede que pronto impliquen el final de la propia unión monetaria. Este libro traza un camino prudente para afrontar una reestructuración que dependa de la fuerza de los sindicatos y de la sociedad civil. El lúcido razonalismo de este libro transmite un mensaje polémico, poco grato en determinados círculos, pero que pronto resonará por todo el continente: los estados empobrecidos deben abandonar el euro y reducir sus pérdidas o sobrevendrá una penuria mayor.
First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.
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Este libro traza un camino prudente para afrontar una reestructuración que dependa de la fuerza de los sindicatos y de la sociedad civil. El lúcido razonalismo de este libro transmite un mensaje polémico, poco grato en determinados círculos, pero que pronto resonará por todo el continente: los estados empobrecidos deben abandonar el euro y reducir sus pérdidas o sobrevendrá una penuria mayor.