Muro, D. & Vidal, G. (2014) “Mind the Gaps: The Political Consequences of the Great Recession in Europe“, Eurocrisis in the Press, LSE EUROPP, 10 Ιουνίου.
The financial crisis that started in 2008 had an unanticipated magnitude. What at first glance appeared as a manageable frailty of the financial sector rapidly derived into a Great Recession with on-going continuity into 2014. The enlargement of a gap or, rather, three distinct gaps within Europe constitutes the resulting political consequences of this complex multi-dimensional economic crisis, namely gaps between: citizens and politicians; rich and poor countries; and citizens themselves.
Gap between citizens and European institutions
The fissure between citizens and European institutions has long been a problem for the European project. Debates about the ‘democratic deficit’ of the EU as well as the perceived lack of ‘legitimacy’ and ‘accountability’ of supranational institutions have been amply recognised.
Σχετικές αναρτήσεις:
- Matsaganis, M. & Leventi, C. (2014) “Poverty and Inequality during the Great Recession in Greece“. Political Studies Review, 12: 209–223.
- Zimmermann, Kl. (2013) “Labor Market Reforms and the Great Recession”, IZA Policy Paper, N. 75.
- Petralias, A., Petros, S. and Prodromidis, P. (2013) “Greece in Recession: Economic predictions, mispredictions and policy implications”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.75, Σεπτέμβριος.