Foreign Policy Under Austerity

This book examines the continuities and substantial transformations in Greek foreign policy before the beginning and during the unfolding of the economic crisis. Although up until now, significant attention has been cast on the rise of the neo-Nazi movement, the abuses and dysfunctions of the Greek economy, and the immense social ramifications of unemployment, less is understood about the impact on Greek diplomacy and foreign policy. This collective work not only attempts to delineate future trends in Greek foreign policy, but also seeks to explore the current events that resemble more a Greek tragedy than the systemic challenges that every nation has to face. This edited volume, quite original in its field of analysis, will be of interest to International Relations academics, foreign policy professionals, Politics and Economic students and the general public who follow developments pertaining to Greece and the European Union, as well theoretical debates surrounding International Relations.

Selected as a Financial Times Best Book of 2013 Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we austerity for what it is, and what it costs us.

Since its sovereign debt crisis in 2009, Greece has been living under austerity, with no apparent end in sight. This volume explores the effects of policies pursued by the Greek state since then (under the direction of the Troika), and how Greek society has responded. In addition to charting the actual effects of the Greek crisis on politics, health care, education, media, and other areas, the book both examines and challenges the “crisis” era as the context for changing attitudes and developments within Greek society.

This is the first in-depth study of the foreign and defence policies of the Coalition, a government that saw the Conservatives restored to power for the first time since the Iraq War and the Liberal Democrats enter government for the first time. It explores the idea of Britain as a ‘Great Power’ since 1945 to show how the Coalition’s policies fitted into wider historical understandings of Britain’s role in the world. Drawing on a range of evidence from the time of the Coalition, it shows that this period was one of continued change in British foreign policy. The Coalition conducted the first strategic defence review since 1998, significantly reduced the funding allocations for defence and foreign affairs, raised overseas aid spending to record levels, engaged in overseas military action in two sovereign states (and were denied a chance to participate in another), as well as a wide array of other policies. This book argues that evaluating these events and the historical background of the Coalition is critical to understanding the current crises gripping British politics.

Austerity was presented as the antidote to sluggish economies, but it has had far-reaching effects on jobs and employment conditions. With an international team of editors and authors from Europe, North America and Australia, this illuminating collection goes beyond a sole focus on public sector work and uniquely covers the impact of austerity on work across the private, public and voluntary spheres. Drawing on a range of perspectives, the book engages with the major debates surrounding austerity and neoliberalism, providing grounded analysis of the everyday experience of work and employment.

This book examines US foreign policy in the Eastern Mediterranean and the region’s key role in the practice and evolution of American exceptionalism. The political developments in the Eastern Mediterranean during the 19th and the first half of the 20th centuries, gave to the US opportunities to express, in the most explicit way, its anti-colonialism, the fervent support of open and democratic societies, and its willingness to openly confront tyranny and oppression whenever this was possible (or necessary) for American interests. Since that time, the region has been a testing ground for the core elements of American foreign policy deployed worldwide. The monograph shows the contributions of the United States during critical moments in the region, such as the First Barbary War (1801-1805), the introduction of Truman Doctrine, Washington’s role in the Suez Crisis, the Greek junta and the Imia Crisis of 1996. It also scrutinizes the different levels of the economic, military and diplomatic challenges which China, Russia and Turkey present today, while it also covers the American approach to the Arab Spring. From a ‘Shining City on a Hill’ to the current ‘Make America Great Again’ mottoes, this critique follows American Foreign Policy in the Eastern Mediterranean and the strong bonds that the nation established with the geostrategic, political and ideological features of the region. The pace of recent events, and the increasing complexity of this global corner, prove a challenge to America today; the future and clarion call that hard work and the finest ingenuity are necessary to keep its regional hegemony, and its course toward increased prosperity. This work’s goal is to inspire the conversations by academics, diplomats, leaders (both political and military) and most of all businessmen, to this end.

The effects of the 2008 financial crisis were ameliorated by large-scale social policy interventions, which both helped limit the depth and duration of the crisis and softened its worst effects on citizens. Yet in the wake of the crisis, those very same social policies and the welfare state they support have come under attack. There is, however, reason to be optimistic, argue the contributors to Social Policy in Times of Austerity. Bringing together leading scholars engaged in the debate over austerity and the future of the welfare state, the book traces the strong currents of resistance to austerity that continue to thrive within organizations, governments, and the citizenry at large.

The National Politics of EU Enlargement in the Western Balkans examines the way in which a number of European Union member states, including Germany and France, formulate their policies towards enlargement in the Western Balkans. The six countries of the Western Balkans – Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia – are on course to become the next members of the European Union. While there has been a lot of work on the ways in which these countries are preparing for accession, and how the EU as a whole approaches the question of expansion, very little attention has been paid to how individual EU member states regard enlargement into a region that presents a number of serious challenges, including the legacies of the conflicts of the 1990s, economic underdevelopment and poor governance. Focusing on key states, such as Germany, France and Italy, the neighbouring countries of Central and South East Europe, and Britain, once a leading advocate of enlargement that is now in the process of leaving the European Union, this volume casts important new empirical and conceptual light on the diverse motivations that underpin member state attitudes towards EU enlargement. The National Politics of EU Enlargement in the Western Balkans will be of great interest to scholars of the European Union, European politics, and the politics of the Western Balkans. The chapters were originally published as a special issue of Southeast European and Black Sea Studies.