Corporate power and the resolution of the Eurozone crisis

By Christakis Georgiou

The literature on the Eurozone crisis overlooks two defining features of the crisis, namely the initial attempt to rely on Private Sector Involvement and financial repression in order to deal with liquidity crises in member states. This paper argues that these gaps stem from the neglect of the concept of corporate power by the literature and offers an analysis of how the crisis emerged and was ultimately resolved in 2010-2012 that instead revolves on an account of how corporate structural power determined the outcome of the crisis.

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