Exploding Debt Syndrome: The Politics of the Greek Debt Crisis

The economic roots of the Eurozone’s sovereign debt crisis are fairly well understood by scholars and analysts, but the political forces behind the crisis less so, despite the fact that the Eurozone predicament derives fundamentally from an intersection of mostly political factors, which led to the recent breakdown in European Union relations between northern and southern states. This paper fills in many of the gaps, by examining both the historical and the political forces behind the current Eurozone debt crisis with reference to Greece’s continuing debt problems.