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Disciplining Greece: Crisis Management and Its Discontents

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  • Steven Panageotou

Abstract

The strategy intended to resolve the Greek financial crisis is not a resolution strategy at all—it is more accurately conceptualized as a crisis management strategy, which is insufficient to reduce the public debt and instead fuels a deflationary spiral. Consequently, power is wielded by unelected, international political and financial institutions and actors, the crisis management regime, who have engendered a wave of discipline, surveillance, and control alongside a neoliberal restructuring of the Greek economy. JEL Classification: G01, E62, P16

Suggested Citation

  • Steven Panageotou, 2017. "Disciplining Greece: Crisis Management and Its Discontents," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 358-374, September.
    • Handle: RePEc:sae:reorpe:v:49:y:2017:i:3:p:358-374
    DOI: 10.1177/0486613417703971
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    References listed on IDEAS

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    Cited by:

    1. Fusheng Xie & Jiateng Wang & Zhi Li, 2023. "The Greek Crisis Under Structural Constraints," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(2), pages 309-332, June.
    2. Vlassis Missos, 2021. "Introducing a Safety Net: The Effects of Neoliberal Policy on Welfare, Poverty, and the Net Social Wage during the Greek Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 58-76, March.

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    More about this item

    Keywords

    neoliberalism; democracy; ideology; financial crisis; Greece; austerity;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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