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This highly topical analysis explores the nexus of economics and politics in the contemporary European Union, showing how the EU´s financial woes prompted a range of actual and planned institutional changes in the Eurozone from the 2008 crash to 2012.

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This book presents an overview of the economics and politics implemented in the European Union and especially the Eurozone during the crisis of 2008-2012. Although it focuses on these four years, the analysis starts from the establishment of the European Union and covers the period up to the outbreak of the Cypriot banking crisis in mid-2013. The long-term creation of structural changes in European economics and politics is associated with a growth lag within the global economic environment dynamics. The economic and political consequences of the crisis and the development of new institutions will shape the future growth dynamics towards a Fragmented European Federation.

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The European Crisis.- The Structural Elements of the Crisis.- The Policy Response.- The Political Economy of European Synthesis and the Medium Future.

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P.E. Petrakis is professor of economics at the University of Athens, Department of Economics. His main fields of interest are economic growth, entrepreneurship and economic policy.

P.C. Kostis is a PhD candidate at the University of Athens, Department of Economics. His main fields of interests are economic policies in bail-out programs, growth and entrepreneurship.

D.G. Valsamis is a researcher at the University of Athens, Department of Economics. His main fields of interest are economic growth, cultural economics and economic policies in Europe.

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