Hardy Hanappi is a researcher at the University of Technology in Vienna, Austria, a Jean Monnet Chair for political economy of the European integration, and president of the Vienna Institute for Political Economy Research (VIPER). His expertise is in economic modelling, simulation and game theory. More recently he has focused on the political economy of European unification.Savvas Katsikides is University Professor and Jean Monnet Chair at University of Cyprus. Manuel Scholz-Wäckerle is Senior Lecturer at the Department of Socioeconomics, Vienna University of Economics and Business, Austria.

• List of figures List of tables List of contributors Introduction PART IPolitical economy in action 1 NATO expansion versus consolidation of the EU: intra- and interclass dynamics in the context of the next Cold War HARDY HANAPPI 2 Spanish regions under the euro crisis: did the crisis escalate interregional tensions? MAKIKO NARITA 3 Some simple macroeconomic remarks on slower economic growth MALCOLM SAWYER 4 Welfare capitalism versus financial capitalism during globalisation PASQUALE TRIDICO 5 Achievements and challenges of the Chinese model of capitalism: how much can be explained by Confucianism? KLAUS NIELSEN 6 Economies of scope: explaining liberal authority and its consequences in the Eurozone CHARLIE DANNREUTHER7 Inequality dynamics, (unmet) aspirations and social protest SVENJA FLECHTNER 8 Any alternatives left? From green narratives of change to socio-ecological transformative utopias – a political economy framework ANNIKA R. SCHARBERT, BERNHARD LEUBOLT AND MANUEL SCHOLZ-WÄCKERLEPART IICrisis in Greece and Cyprus 9 The crisis in Greece: a story in pictures CHRISTIS HASSAPIS, NIKOLAOS SKOURIAS AND PANOS XIDONAS10 Structural reform–growth nexus: an examination over time – the importance of Eastern Europe ANDREAS ASSIOTIS11 The vicious cycle of Cyprus’s economic crisis STAVROS TOMBAZOS12 Government response to the Eurozone crisis: the cases of Greece and Cyprus SAVVAS KATSIKIDES AND GEORGIA YIANGOU13 Manufacturing consent or informing the public? A review of recent research on how international mainstream media covered the Greek crisis LIA-PASCHALIA SPYRIDOU AND PAVLOS KOKTSIDIS14 Industrial competitiveness and the search for a sustainable path out of the crisis – lessons from the Greek experience IOANNA KASTELLI AND STAVROS ZOGRAFAKISIndex

Hardy Hanappi is a researcher at the University of Technology in Vienna, Austria, a Jean Monnet Chair for political economy of the European integration, and president of the Vienna Institute for Political Economy Research (VIPER). His expertise is in economic modelling, simulation and game theory. More recently he has focused on the political economy of European unification.Savvas Katsikides is University Professor and Jean Monnet Chair at University of Cyprus. Manuel Scholz-Wäckerle is Senior Lecturer at the Department of Socioeconomics, Vienna University of Economics and Business, Austria.

• List of figures List of tables List of contributors Introduction PART IPolitical economy in action 1 NATO expansion versus consolidation of the EU: intra- and interclass dynamics in the context of the next Cold War HARDY HANAPPI 2 Spanish regions under the euro crisis: did the crisis escalate interregional tensions? MAKIKO NARITA 3 Some simple macroeconomic remarks on slower economic growth MALCOLM SAWYER 4 Welfare capitalism versus financial capitalism during globalisation PASQUALE TRIDICO 5 Achievements and challenges of the Chinese model of capitalism: how much can be explained by Confucianism? KLAUS NIELSEN 6 Economies of scope: explaining liberal authority and its consequences in the Eurozone CHARLIE DANNREUTHER7 Inequality dynamics, (unmet) aspirations and social protest SVENJA FLECHTNER 8 Any alternatives left? From green narratives of change to socio-ecological transformative utopias – a political economy framework ANNIKA R. SCHARBERT, BERNHARD LEUBOLT AND MANUEL SCHOLZ-WÄCKERLEPART IICrisis in Greece and Cyprus 9 The crisis in Greece: a story in pictures CHRISTIS HASSAPIS, NIKOLAOS SKOURIAS AND PANOS XIDONAS10 Structural reform–growth nexus: an examination over time – the importance of Eastern Europe ANDREAS ASSIOTIS11 The vicious cycle of Cyprus’s economic crisis STAVROS TOMBAZOS12 Government response to the Eurozone crisis: the cases of Greece and Cyprus SAVVAS KATSIKIDES AND GEORGIA YIANGOU13 Manufacturing consent or informing the public? A review of recent research on how international mainstream media covered the Greek crisis LIA-PASCHALIA SPYRIDOU AND PAVLOS KOKTSIDIS14 Industrial competitiveness and the search for a sustainable path out of the crisis – lessons from the Greek experience IOANNA KASTELLI AND STAVROS ZOGRAFAKISIndex

Hardy Hanappi is a researcher at the University of Technology in Vienna, Austria, a Jean Monnet Chair for political economy of the European integration, and president of the Vienna Institute for Political Economy Research (VIPER). His expertise is in economic modelling, simulation and game theory. More recently he has focused on the political economy of European unification.Savvas Katsikides is University Professor and Jean Monnet Chair at University of Cyprus. Manuel Scholz-Wäckerle is Senior Lecturer at the Department of Socioeconomics, Vienna University of Economics and Business, Austria.

• List of figures List of tables List of contributors Introduction PART IPolitical economy in action 1 NATO expansion versus consolidation of the EU: intra- and interclass dynamics in the context of the next Cold War HARDY HANAPPI 2 Spanish regions under the euro crisis: did the crisis escalate interregional tensions? MAKIKO NARITA 3 Some simple macroeconomic remarks on slower economic growth MALCOLM SAWYER 4 Welfare capitalism versus financial capitalism during globalisation PASQUALE TRIDICO 5 Achievements and challenges of the Chinese model of capitalism: how much can be explained by Confucianism? KLAUS NIELSEN 6 Economies of scope: explaining liberal authority and its consequences in the Eurozone CHARLIE DANNREUTHER7 Inequality dynamics, (unmet) aspirations and social protest SVENJA FLECHTNER 8 Any alternatives left? From green narratives of change to socio-ecological transformative utopias – a political economy framework ANNIKA R. SCHARBERT, BERNHARD LEUBOLT AND MANUEL SCHOLZ-WÄCKERLEPART IICrisis in Greece and Cyprus 9 The crisis in Greece: a story in pictures CHRISTIS HASSAPIS, NIKOLAOS SKOURIAS AND PANOS XIDONAS10 Structural reform–growth nexus: an examination over time – the importance of Eastern Europe ANDREAS ASSIOTIS11 The vicious cycle of Cyprus’s economic crisis STAVROS TOMBAZOS12 Government response to the Eurozone crisis: the cases of Greece and Cyprus SAVVAS KATSIKIDES AND GEORGIA YIANGOU13 Manufacturing consent or informing the public? A review of recent research on how international mainstream media covered the Greek crisis LIA-PASCHALIA SPYRIDOU AND PAVLOS KOKTSIDIS14 Industrial competitiveness and the search for a sustainable path out of the crisis – lessons from the Greek experience IOANNA KASTELLI AND STAVROS ZOGRAFAKISIndex