In the eye of the storm : the Italian economy and the eurozone crisis

Bull, MJ

Abstract

The eurozone crisis had a more significant and longer-lasting impact on Italy than on virtually any other member state, with the effects still visible a decade after. The extent of the shock was surprising in view of progress Italy had apparently made in the 1990s in terms of enhancing its capacity to meet the demands of European Monetary Union. The explanation for this traumatic economic experience lies in Italy's deep, long-term, structural tensions which were placed under severe pressure during the 1990s and which were cracked open by the 2011 sovereign debt crisis. These have had long-lasting economic effects as well as political ramifications in terms of a significant change in the Italy-EU relationship.

• Publication Date: Nov 24, 2018
• Deposit Date: Dec 18, 2018
• Pages: 13-28
• Series Title: South European Society and Politics
• Book Title: Italy Transformed: Politics, Society and Institutions at the End of the Great Recession
• ISBN: 9781138393721
• Publisher URL: https://www.routledge.com/Italy-Transformed-Politics-Society-and-Institutions-at-the-End-of-the/Bull-Pasquino/p/book/9781138393721
• Additional Information: Additional Information : Originally an article in South European Society and Politics, Vol. 23, Issue 1 (March 2018), pp. 13-28.