Southern Europe and the Financial Earthquake
Following the outbreak of the international financial crisis, Southern Europe became an epicentre of economic instability and international concern. The prospect of a sovereign debt default in the eurozones flaky fringe sent shock waves through the European and global economies. Examining the crucial initial phase, when the financial crisis was just beginning to spill over into the real economy, the volume surveys the impact of the September 2008 Lehman Brothers collapse across the EUs southern periphery. The six South European eurozone membersItaly, Greece, Spain, Portugal, Cyprus and Maltaare viewed in comparative perspective with EU candidate state and non-eurozone member, Turkey. In an era before the spectacular EU/IMF bailouts, the picture that emerges is one of national differentiation, illuminating these countries different starting points and varying policy responses in the face of the gathering financial storm.
This book was published in 2009 as a special issue of South European Society and Politics.
Susannah Verney, Assistant Professor of European Integration, University of Athens.
Anna Bosco, Associate Professor of Comparative Politics, University of Trieste.
Marina Costa Lobo, Researcher, Institute of Social Sciences, University of Lisbon.
South European Society and Politics series
Series editors:
Susannah Verney, University of Athens, Greece
Anna Bosco, University of Trieste, Italy
The parallel regime transitions of the 1970s, when Southern Europe was the vanguard of the third wave of democratisation, the impact of EU membership and Europeanisation and more recently, the regions central role in the eurozone crisis have all made Southern Europe a distinctive area of interest for social science scholars. The South European Society and Politics book series promotes new empirical research into the domestic politics and society of South European states. The series, open to a broad range of social science approaches, offers comparative thematic volumes covering the region as a whole and on occasion, innovative single-country studies. Its geographical scope includes both old and new Southern Europe, defined as Italy, Greece, Portugal, Spain, Cyprus, Malta and Turkey.
Southern Europe and the Financial Earthquake
Coping with the First Phase of the International Crisis
Edited by Susannah Verney, Anna Bosco and Marina Costa Lobo
Europeanisation of Public Policy in Southern Europe
Comparative Political Economy from the 2000s to the Crisis
Edited by Canan Balkir, H. Tolga Bolukbasi and Ebru Ertugal
Transformations of the Radical Left in Southern Europe
Bringing Society Back In?
Edited by Myrto Tsakatika and Marco Lisi
Elections in Hard Times: Southern Europe 201011
Edited by Anna Bosco and Susannah Verney
Voters and Parties in the Spanish Political Space
Edited by Ignacio Snchez-Cuenca and Elias Dinas
New and Alternative Movements in Spain
The Left, Identity and Globalizing Processes
Edited by John Karamichas
Protest Elections and Challenger Parties
Edited by Susannah Verney and Anna Bosco
Previously published in the journal South European Society and Politics
Europeanization and the Southern Periphery
Edited by Kevin Featherstone and George Kazamias
Who Governs Southern Europe?
Edited by Pedro Tavares de Almeida, Nancy Bermeo and Antnio Costa Pinto
Spain and Portugal in the European Union
The First Fifteen Years
Edited by Paul Christopher Manuel and Sebastin Royo
Mobilising Politics and Society?
The EU Conventions Impact on Southern Europe
Edited by Sonia Lucarelli and Claudio Radaelli
Reinventing Democracy
Grassroots Movements in Portugal
Edited by Joo Arriscado Nunes and Boaventura de Sousa Santos
When Greeks think about Turks
The View from Anthropology
Edited by Dimitrios Theodossopoulos
Party Change in Southern Europe
Edited by Anna Bosco and Leonardo Morlino
The South European Right in the 21st Century
Italy, France and Spain
Edited by Jocelyn A. J. Evans
Spains Second Transition?
The Socialist government of Jos Luis Rodrguez Zapatero
Edited by Bonnie N. Field
Dealing with the Legacy of Authoritarianism
The Politics of the Past in Southern European Democracies
Edited by Antnio Costa Pinto and Leonardo Morlino
Perspectives of National Elites on European Citizenship
A South European View
Edited by Nicol Conti, Maurizio Cotta and Pedro Tavares de Almeida
Euroscepticism in Southern Europe
A Diachronic Perspective
Edited by Susannah Verney
Turkey and the EU: Accession and Reform
Edited by Gamze Avci and Ali arkog?lu
First published 2014
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN, UK
and by Routledge
711 Third Avenue, New York, NY 10017, USA
Routledge is an imprint of the Taylor & Francis Group, an informa business
2014 Taylor & Francis
All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.
Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN 13: 9781138803107
ePub eISBN 13: 9781317622352
Mobipocket/Kindle eISBN 13: 9781317622345
Typeset in Minion
by RefineCatch Limited, Bungay, Suffolk
Publishers Note
The publisher accepts responsibility for any inconsistencies that may have arisen during the conversion of this book from journal articles to book chapters, namely the possible inclusion of journal terminology.
Disclaimer
Every effort has been made to contact copyright holders for their permission to reprint material in this book. The publishers would be grateful to hear from any copyright holder who is not here acknowledged and will undertake to rectify any errors or omissions in future editions of this book.