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id	eprints-25433
recordtype	eprints
institution	SOAS, University of London
collection	SOAS Research Online
language	English
language_search	English
description	The Greek turmoil commenced as a balance of payments, or “sudden stop”, crisis induced by large current account and primary government deficits. It became an economic and social disturbance of historic proportions. Its proximate cause was loss of competitiveness within the Eurozone due primarily to domestic German wage policies. The bail-out policies, imposed by the lenders primarily for reasons of Eurozone stability and adopted by Greece, have had disastrous effects on both economy and society. The “historical bloc” that dominates Greek society willingly submitted to this strategy, losing sovereignty, for reasons including fear and identity.
format	Journal Article
author	Lapavitsas, Costas
author_facet	Lapavitsas, Costas
authorStr	Lapavitsas, Costas
author_letter	Lapavitsas, Costas
title	Political Economy of the Greek Crisis
publisher	Sage
publishDate	2018
url	https://eprints.soas.ac.uk/25433/