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Trouble in Austeria

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Abstract:

Account of the waning of support for austerity measures in the EU, including within some Commissions, given the disastrous effects of austerity on the economies of many European economies, especially Greece, Ireland and Spain. Argues that EU imposed austerity will hit the buffers in Italy, where it will not be politically acceptable. Ends with a sombre warning that unless the EU abandons austerity its legitimacy will also wane - to the point where the European project may become unrescuable.

Keywords: AUSTERITY; BANKING CRISIS; EU; ITALY; SPAIN

Document Type: Research Article

DOI: http://dx.doi.org/10.3898/136266213809450220

Publication date: December 13, 2013

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