RMF Occasional Reports are substantial investigations typically written as a collaborative research effort. The first 3 occasional reports investigated the Eurozone Crisis between March 2010 and November 2011, they were published individually in several languages and attracted widespread media and academic interest, they went on to be compiled and published as a book in English by Verso.

Crisis in the Eurozone

A controversial call to break up the Eurozone and stop the debt crisis. First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue. All three RMF reports on the eurozone crisis are now available as a single paperback published by Verso Books, with a new introduction by Stathis Kouvelakis.

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The Eurozone Between Austerity and Default

Sweeping public cutbacks are being imposed across the Eurozone. The second RMF report on the Eurozone crisis analyses the costs, benefits and social implications of action to break the cycle of debt as opposed to enduring austerity-induced long-term stagnation.

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