The book includes an epilogue authored by Loukas Tsoukalis, who serves as the President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). This study presents a comprehensive analysis of crisis management in the European Union (EU) and Latin America, focusing on both the bi-regional and comparative aspects. This text explores highly relevant topics, including the crisis of democracy, systemic crisis, political polarization, and the emergence of populism. This study examines the effects of inadequate management of the global and euro financial crises on regionalism in Europe and Latin America. This paper suggests potential modifications to the global financial system and advocates for enhanced collaboration among different regions.
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| Financial Crisis Management and Democracy |
Publisher: Springer
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The publication at hand is a product of the initial three-year period of the Jean Monnet Network, titled "Crisis-Equity-Democracy for Europe and Latin America." This network comprises esteemed scholars and policy advisors from four European nations and three Latin American nations, encompassing individuals with expertise in the European Union and Latin American regionalism. The underlying justification for this effort is rooted in the notion that Europe and Latin America had valuable insights to offer one another regarding their distinct encounters with "crisis," including its handling and the resulting ramifications for distribution and democracy at both national and regional scales. The primary objectives of the joint research can be succinctly summarized as follows: (1) to identify the prominent role of the current global financial system as a significant contributor to the financial and debt crises experienced in the European Union (EU) and Latin America; (2) to illustrate the influence of the paradigm shift on global and EU economic governance; (3) to analyze crucial systemic aspects of the global crisis, namely climate change, macro-financial instability, and the erosion of democratic values, and explore their interconnectedness; (4) to chart and assess the crisis management efforts undertaken by both regions as a whole and individual countries within these regions; (5) to examine the economic, political, and social ramifications of these crises on both regions and individual countries; (6) ultimately, to propose policy recommendations for transitioning from finance capitalism to a more sustainable form of capitalism, enhancing the ability of both regions to effectively manage, govern, and respond to systemic pressures, and fostering increased cooperation between them.
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