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-standing economic effects as well as political ramifications in terms of a significant change in the Italy–EU relationship.

• Journal Article Type: Article
• Acceptance Date: Jan 8, 2018
• Online Publication Date: Feb 21, 2018
• Publication Date: Feb 21, 2018
• Deposit Date: Apr 18, 2018
• Publicly Available Date: Aug 21, 2019
• Journal: South European Society and Politics
• Print ISSN: 1360-8746
• Electronic ISSN: 1743-9612
• Publisher: Taylor and Francis
• Volume: 23
• Issue: 1
• Pages: 13-28
• DOI: https://doi.org/10.1080/13608746.2018.1433477
• Publisher URL: http://dx.doi.org/10.1080/13608746.2018.1433477
• Related Public URLs: https://www.tandfonline.com/toc/fses20/current