A happy future is a thing of the past : the Greek crisis and other disasters /

Since 2010, Greece's social and economic conditions have been irreversibly transformed due to austerity measures imposed by the European troika and successive Greek governments. These stringent restructuring programs were intended to make it possible for Greece to avoid default and improve its debt position, and to reconfigure its economy to escape forever the burden of past structural deficiencies. But things have not gone according to plan. Eight years later, none of these targets have been met. If the programs were doomed to fail from the start, as many claim, what were the real objectives of such devastating austerity? Pavlos Roufos answers this key question in an insightful, critical analysis of the origins and management of the 2010 Greek economic crisis.