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ID: 101093

Greece's debt crisis: a national tragedy of European proportions / Zahariadis, Nikolaos

Zahariadis, Nikolaos	Journal Article
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2010.

Summary/Abstract

Contrary to the view of most analysts, Nikolaos Zahariadis argues that Greece's debt crisis is a European Union shortcoming with national and global dimensions. This does not mean that Greece's profligate spending does not play a major role in this tragedy. Zahariadis states that, instead, viewing it simply as a Greek problem that needs to be isolated and "corrected" will not solve a fundamental issue that underlies Europe's predicament. There cannot be successful monetary integration without robust movement toward fiscal and perhaps political integration.

Key Words

Greece ; Financial Crisis ; European Proportions

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ID: 148545

Values as barriers to compromise? ideology, transnational coalitions, and distributive bargaining in negotiations over the third / Zahariadis, Nikolaos

Zahariadis, Nikolaos	Journal Article
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Summary/Abstract

What factors explain the brinkmanship and threats of Greece’s distributive tactics over the third bailout package in 2015? Examining negotiations between Greece and its creditors during SYRIZA’s (Coalition of the Radical Left) tenure in power, I argue that the Greek government’s strong ideological fervor turned the bailout negotiations into an ideologically based dispute, which involved “sacred” value biases and uncompromising posturing. Unable to form cooperative transnational coalitions, Athens increasingly turned to distributive bargaining tactics that antagonized creditors and escalated the conflict. The article highlights how values act as barriers in bailouts and has implications for the study of intergovernmental negotiations in the European Union.

Key Words

Greece ; Bailout ; Distributive Bargaining ; Transnational Coalitions ; Sacred Values

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