The Kazan summit of the BRICS countries was a historic one for several reasons: first,…
Myths, Mix-ups, and Mishandlings: Understanding the Eurozone crisis Servaas Storm and C.W.M. Naastepad
The real cause of the Eurozone crisis resides in unsustainable private sector debt leverage that was aided and abetted by the liberalization of European financial markets and a global banking glut.
Understanding_Eurozone_Crisis (Download the full text in PDF format)
(This article was originally published in the International Journal of Political Economy, 45: 46–71, 2016.)