Abstract
Greece is arguably in the deepest economic crisis in its modern history.1 Yet, there is no such thing as a Greek crisis, in the same sense that it would be meaningless to speak of an Ohio crisis in the 1930s. Just as Ohio was then caught up in the Great Depression that had engulfed the whole of the United States, and indeed the capitalist system as a whole, so, too, today there is a European and global crisis, of which Greece is an interesting part.
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References
Vaioufakis, Y. and Holland, S. (2011). A Modest Proposal for Overcoming the Euro Crisis. Levy Economics Institute, Policy Note 3/2011.
Vaioufakis, Y. (2011). The Global Minotaur: America, the True Causes of the Financial
Crisis and the Future of the World Economy. London and New York: Zed Books.
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© 2013 Yanis Varoufakis
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Varoufakis, Y. (2013). We Are All Greeks Now! The Crisis in Greece in Its European and Global Context. In: Triandafyllidou, A., Gropas, R., Kouki, H. (eds) The Greek Crisis and European Modernity. Identities and Modernities in Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9781137276254_3
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DOI: https://doi.org/10.1057/9781137276254_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-44658-2
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