Aftershocks: The Political Fallout of Greece’s Economic Crisis

Supporters of Greece’s radical leftist party Syriza rally in Athens as European Union voters cast ballots in European Parliament elections, May 22, 2014 (Kyodo via AP Images).
Supporters of Greece’s radical leftist party Syriza rally in Athens as European Union voters cast ballots in European Parliament elections, May 22, 2014 (Kyodo via AP Images).

This year, while the eurozone’s economy is grinding to a halt, the Greek economy may be able to grow by 0.6 percent, after six years in a row of recession. Greece follows the example of other countries of Europe’s periphery, such as Portugal and Spain, which after several years of recession are at last experiencing slim growth. Having almost defaulted on its sovereign debt in 2010, Greece has been bailed out through an economic adjustment program, the implementation of which is still closely monitored by the so-called troika of the International Monetary Fund (IMF), the European Commission (EC) and the […]

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