The Political Economy of Monetary Disunion

Compares different EU strategies for addressing economic crises in 2010 and 2020Analyses mechanisms used during the Eurozone crisis to transfer financial responsibilityAssesses green transformation as a possible solution for several Eurozone challenges

This book reassesses the Greek financial crisis by placing it within the broader crisis of the European Economic and Monetary Union (EMU). Whilst it has been broadly accepted amongst academics and policymakers that the Eurozone turmoil originated in the banking sector and then deterritorializedin terms of form and spacetowards peripheral EMU countries, the mechanisms implemented for this transformation remain understudied. This book addresses this gap by identifying and analyzing the mechanisms used in Greece and the EMU to transfer the financial and moral responsibility of the crisis from the private to the public sector. Combining insights from political economy, economics and social studies of finance, it provides a critique of the austerity policies imposed by European institutions, and discusses the green transition as the best way forward to overcome the Eurozone challenges. It will appeal to students and scholars of political economy, cultural studies of finance, economics, and European politics.

Radman elmi is an institutional adviser specialized in green and circular economy. He has previously worked at the University of Birmingham and the University of Leicester, UK.