Against the Troika: Crisis and Austerity in the Eurozone by Costas Lapavitsas, Heiner Flassbeck

By Costas Lapavitsas, Heiner Flassbeck

At the twenty fifth January 2015 the Greek humans voted in an election of historical importance—not only for Greece yet very likely all of Europe. the novel social gathering Syriza was once elected and austerity and the neoliberal schedule is being challenged. abruptly it sort of feels as though there's an alternate. yet what?

The Eurozone is in a deep and lengthy challenge. it truly is now transparent that financial union is a old failure, past repair—and under no circumstances within the pursuits of Europe’s operating people.

Building at the fiscal research of 2 of Europe’s prime thinkers, Heiner Flassbeck and Costas Lapavitsas (a candidate status for election on Syriza’s list), opposed to the Troika is the 1st booklet to suggest a strategic left-wing plan for the way peripheral international locations might go out the euro. With a metamorphosis in executive in Greece, and looming political adjustments in international locations akin to Spain, this significant intervention lays out a thorough, anti-capitalist programme at a severe juncture for Europe. the ultimate 3 chapters provide an in depth postmortem of the Greek disaster, clarify what may be realized from it—and supply a potential alternative.

Against the Troika is a pragmatic blueprint for genuine switch in a continent wracked by means of trouble and austerity.

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Extra info for Against the Troika: Crisis and Austerity in the Eurozone

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Forming thyai (holy bands) and waving thyrsoi (singular: thyrsus; fennel wands bound with grapevine and tipped with ivy), they danced by 57 torchlight to the rhythm of the aulos (double pipe) and the tympanon (handheld drum). While they were under the god’s inspiration, the bacchantes were believed to possess occult powers and the ability to charm snakes and suckle animals, as well as preternatural strength that enabled them to tear living victims to pieces before indulging in a ritual feast (omophagia).

Gaea (Earth) buried her limbs but allowed her to retain the power of song. Dionysus had the power to inspire and to create ecstasy, and his cult had special importance for art and literature. Performances of tragedy and comedy in Athens were part of two festivals of Dionysus, the Lenaea and the Great (or City) Dionysia. He was also honoured in lyric poems called dithyrambs. In Roman literature his nature is often misunderstood, and he is simplistically portrayed as the jolly Bacchus who is invoked at drinking parties.

Among Apollo’s other epithets was Nomios (Herdsman), and he is said to have served King Admetus of Pherae in the lowly capacities of groom and herdsman as penance for slaying Zeus’s armourers, the Cyclopes. He was also called Lyceius, presumably because he protected the flocks from wolves (lykoi); because herdsmen and shepherds beguiled the hours with music, scholars have argued that this was Apollo’s original role. 30 The statuette known as the Apollo of Piombino, or the Piombino Boy, which depicts Apollo as a Kouros, or youth.

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