Policy Note 2013/1 | March 2013
The Tragedy of Greece
A Case against Neoliberal Economics, the Domestic Political Elite, and the EU/IMF Duo
The crisis in Greece reflects the deep structural problems of the country’s economy, its bureaucratic inefficiency, and a pervasive culture of corruption. But it also reflects the deadly failure of the neoliberal project, which has become institutionalized throughout the European Union’s operational framework—with the International Monetary Fund the world’s single most powerful enforcer of market fundamentalism.
C. J. Polychroniou