Europe on the Brink

Tony Phillips works on sovereignty issues in debt, development, energy and ecology. He was born in Dublin, Ireland.

• Introduction: Sovereign Bonds, Burden Sharing and the Troika's Rescues - Tony Phillips1. The Great Recession, Spillover in Europe, Banking Collapse in Ireland - Tony Phillips2. Crises and Contagion: a Survey - Anzhela Knyazeva, Diana Knyazeva and Joseph Stiglitz3. Countering the Myths of the Portuguese Debt - Mariana Rodrigues Mortágua4. Greece: Europe's Worst Success Story - Christina Laskaridis5. Argentina 2001: A Heterodox Exit from the Crisis - Roberto LavagnaEpilogue - Tony PhillipsGlossary

This timely volume provides an indispensable guide for anyone who has had second thoughts about whether irresponsible governments in the Eurozone's peripheral regions could be the root cause of Europe-wide stagnation and joblessness. Europe on the Brink shows how European crisis can be traced instead to the Eurozone's unworkable design, which first permitted its unregulated banks' speculative excess and now insists that its residents pay the bill. The root causes of this misbegotten design - the dominance of neoclassical economics in policy discourse and of unchained finance in the global economy - have not been addressed; so Europe remains "on the brink". Find out why in these pages.