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Greece and the eurozone crisis- one crisis, two narratives

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Events in Greece sparked off the euro-zone crisis in 2009 and continued to have a dominant influence on the course of the crisis ever since. The paper considers the dominant narrative concerning the relationship between Greece and the eurozone crisis and compares it with an alternative narrative. According to the alternative narrative although the euro-zone crisis is a crisis of public indebtedness is not, as is commonly portrayed, a fiscal crisis. The paper concludes that debates on Grexit are a big digression. The survival of the euro-zone is vital if the dream of a united Europe is to be fulfilled but it must be a reformed euro-zone that has a clear vision of what unity in Europe means.


Dr Yiannis Kitromilides is Associate Member of the Cambridge Centre of Economic and Public Policy, Department of Land Economy, University of Cambridge. He has previously taught at the University of Greenwich, University of Westminster, University of Middlesex and the School of Oriental and African Studies, University of London.

This talk is part of the Land Economy Departmental Seminar Series series.

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