Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis
Before discussing about austerity and the well documented and highly captivating analysis of it done by Mark Blyth1 in his book “Austerity – The History of a Dangerous Idea” some introduction about the economic crisis that started in 2008 is needed. The reason for this logical and contextual...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2014-05-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/GEO_Vol_2_No_1.pdf |
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| author | FLORIN BONCIU |
| author_facet | FLORIN BONCIU |
| author_sort | FLORIN BONCIU |
| collection | DOAJ |
| description | Before discussing about austerity and the well documented and highly captivating
analysis of it done by Mark Blyth1
in his book “Austerity – The History of a Dangerous Idea”
some introduction about the economic crisis that started in 2008 is needed. The reason for this
logical and contextual need is the fact that in the European Union, particularly in the Euro
area (in countries like PIIGS – Portugal, Ireland, Italy, Greece, Spain) as well as in the less
developed member countries (Romania included), austerity started to be advocated as a cure
for the crisis despite the fact that five years later the results are still expected to manifest in
any significant way. The point we want to make here is that indeed starting with 2008 it was
an economic crisis but not a global one. |
| format | Article |
| id | doaj-art-cf7aa22b44fc41f1a4fb2c7b5c41e2c6 |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2014-05-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-cf7aa22b44fc41f1a4fb2c7b5c41e2c62025-08-20T03:41:49ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502014-05-0121258266Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisisFLORIN BONCIU0Ph.D., Senior researcher economist, Institute for World Economy, Romanian AcademyBefore discussing about austerity and the well documented and highly captivating analysis of it done by Mark Blyth1 in his book “Austerity – The History of a Dangerous Idea” some introduction about the economic crisis that started in 2008 is needed. The reason for this logical and contextual need is the fact that in the European Union, particularly in the Euro area (in countries like PIIGS – Portugal, Ireland, Italy, Greece, Spain) as well as in the less developed member countries (Romania included), austerity started to be advocated as a cure for the crisis despite the fact that five years later the results are still expected to manifest in any significant way. The point we want to make here is that indeed starting with 2008 it was an economic crisis but not a global one.http://www.globeco.ro/wp-content/uploads/vol/GEO_Vol_2_No_1.pdfBook review |
| spellingShingle | FLORIN BONCIU Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis Global Economic Observer Book review |
| title | Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis |
| title_full | Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis |
| title_fullStr | Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis |
| title_full_unstemmed | Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis |
| title_short | Austerity and Economics: Why Germany and European Union supported austerity and why Europe is lagging behind in its recovery after the crisis |
| title_sort | austerity and economics why germany and european union supported austerity and why europe is lagging behind in its recovery after the crisis |
| topic | Book review |
| url | http://www.globeco.ro/wp-content/uploads/vol/GEO_Vol_2_No_1.pdf |
| work_keys_str_mv | AT florinbonciu austerityandeconomicswhygermanyandeuropeanunionsupportedausterityandwhyeuropeislaggingbehindinitsrecoveryafterthecrisis |