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Work Values in Politics: The European Union Debt Crisis as a Case Study

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  • Anna Diamantopoulou
  • Kyriakos Pierrakakis

Abstract

The European debt crisis has had significant political and economic implications throughout the Eurozone, particularly for its peripheral South. These were especially obvious for Greece, which had to face elevated levels of austerity and sign three different bailout programs within eight years to remain economically solvent and retain its position in the context of European institutions. Here, we track how the perception of the work values of Greeks by other member states—such as Germany, Slovakia or Finland—along with ensuing public debates adversely affected the bailout program design and implementation in Greece, and had significant political consequences throughout the Eurozone.

Suggested Citation

  • Anna Diamantopoulou & Kyriakos Pierrakakis, 2019. "Work Values in Politics: The European Union Debt Crisis as a Case Study," The ANNALS of the American Academy of Political and Social Science, , vol. 682(1), pages 222-233, March.
    • Handle: RePEc:sae:anname:v:682:y:2019:i:1:p:222-233
    DOI: 10.1177/0002716219826026
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    References listed on IDEAS

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    1. Grammatikos, Theoharry & Vermeulen, Robert, 2012. "Transmission of the financial and sovereign debt crises to the EMU: Stock prices, CDS spreads and exchange rates," Journal of International Money and Finance, Elsevier, vol. 31(3), pages 517-533.
    2. Michael M. Bechtel & Jens Hainmueller & Yotam Margalit, 2014. "Preferences for International Redistribution: The Divide over the Eurozone Bailouts," American Journal of Political Science, John Wiley & Sons, vol. 58(4), pages 835-856, October.
    3. repec:bla:jcmkts:v:47:y:2009:i::p:939-953 is not listed on IDEAS
    4. Dermot Hodson & Lucia Quaglia, 2009. "European Perspectives on the Global Financial Crisis: Introduction," Journal of Common Market Studies, Wiley Blackwell, vol. 47(5), pages 939-953, November.
    Full references (including those not matched with items on IDEAS)

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