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The Eurozone crisis has deeply eroded the EU’s accountability structures

Dawson, Mark, (2015), “The Eurozone crisis has deeply eroded the EU’s accountability structures”, LSE blog, 7 Σεπτεμβρίου

Greece’s confrontation with the Eurozone seems to follow a familiar pattern. We start with a realisation, often confirmed by leaked IMF reports, that the latest round of financial assistance is not working. First the blame game: for creditor countries and their commentariat supporters, it is because reforms have not been properly implemented; for the Greek government, it is precisely austerity that is strangling economic recovery at birth.

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