First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts.
Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself.
Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.
The 2014 European Parliament elections are scheduled to begin today coinciding with the 2014 local elections in England and Northern Ireland. Could these elections suffice to manifest a programme and force that empowers significant progress for the left? Etienne Balibar, in his essay most recent essay Useless European Elections? says “Obviously not. A rebirth of the political Left in Europe needs more, and other forms of trans-border mobilization.”
Here, Verso presents a reading list which aims to analyze, criticize, and mobilize the Lefts voice toward the Eurozone’s development.
All books listed are available for direct purchase from our site at discounts of 40% off paperbacks, 30% off hardcovers, and 50% off ebooks, with free shipping, and ebooks bundled with your print purchase where available.
In late January the philosopher Alain Badiou was in Athens, where he gave three talks. The theme of the first of these was Plato, the second was on Lacan, while the third – the text of which appears below – was the most ‘political’. Each of the three talks had a packed-out audience. For this third talk, indeed, even the amphitheatre of the Law School did not suffice to contain the great number of attendees, with many of the large crowd of young people present filling out the stairs and floor. It took place on 25 January, and was jointly organised by the psychoanalysis review Alithia, the municipal elections movement Open City, and the SYRIZA youth organisation ‘Left Union’. It was supported by the Nikos Poulantzas Institute.
The principle that there is a single world does not contradict the infinite play of identities and differences
I would like to thank, and to salute, all our Greek friends, and beyond that all those who are today struggling against the terrible situation inflicted on the Greek people by the financial oligarchy that today holds power in Europe, in service of globalised capitalism.