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The Great Eurozone Disaster: From Crisis to Global New Deal
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The last couple of years have seen the eurozone lurch from crisis to calamity. With Greece, Portugal and Ireland already driven to the brink of economic catastrophe, and the threat that a number of other EU countries are soon to follow, the consequences for the global economy are potentially dire.
In The Great Eurozone Disaster, Heikki Patomäki dissects the current crisis, revealing its origins lie in the instability that has driven the process of financialisation since the early 1970s. Furthermore, the public debt crises in the European deficit countries have been aggravated rather than alleviated by the responses of the Commission and leaders of the surplus countries, especially Germany.
Providing a captivating narrative about how Europe ended up in its present predicament, Patomäki presents a radical new vision for 'global economic democracy' as the only viable way out of the current crisis.
In The Great Eurozone Disaster, Heikki Patomäki dissects the current crisis, revealing its origins lie in the instability that has driven the process of financialisation since the early 1970s. Furthermore, the public debt crises in the European deficit countries have been aggravated rather than alleviated by the responses of the Commission and leaders of the surplus countries, especially Germany.
Providing a captivating narrative about how Europe ended up in its present predicament, Patomäki presents a radical new vision for 'global economic democracy' as the only viable way out of the current crisis.
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Author
Heikki Patomaki
Heikki Patomäki is Professor of World Politics at the University of Helsinki, Finland. Previously he has also worked as a Professor of World Politics and Economy at the Nottingham Trent University, UK, and RMIT University, Melbourne, Australia. In 2012 he acted as a Visiting Professor at the Ritsumeikan University in Kyoto, Japan. Patomäki’s research interests include philosophy and methodology of social sciences, peace research, futures studies, economic theory, global political economy, and global political theory. His most recent book is The Political Economy of Global Security. War, Future Crises and Changes in Global Governance (Routledge, 2008). He is currently working on two new books, Unprincipled Economics (with Jamie Morgan) and Global Futures. Patomäki is a founding member of NIGD (Network Institute for Global Democratisation) and has also been an activist in the international ATTAC movement from its inception, currently chairing ATTAC Finland.
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