ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

The Mediterranean Conundrum Crisis in the European Periphery

The crisis in the periphery of the eurozone in Greece, Portugal and Spain suggests that, besides the badly conceived architecture of the euro system and the imbalances produced by the underlying mechanisms, there are defi nite specifi c domestic factors at work. Over the last three decades, government policies in all the three countries have been regressive rather than progressive. The distinction between socialist and conservative parties broke down in the late 1980s, with the former embracing neo-liberalism.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top