Populism and Crisis Politics in Greece

Exploring the negative effects of populism, this study presents an original explanation of Greece's current political and economic failures. It argues that the sovereign debt crisis only exacerbated the malfunctioning of a democracy long ago contaminated by populist politics while also offering a more general insight into the impact of populism

The 1970''s witnessed the institution of political liberalism in Greece, which went hand in hand with significant social and economic advancement. Four decades later, the same country is a latter-day ''sick man of Europe''. What went wrong? And why did the more recent global crisis plunge Greece into abject misery? This study provides compelling and original answers to these questions through putting populism at center stage. By introducing new concepts, focusing on micro-mechanisms, and empirically analyzing a large variety of sources, the author shows how populism became predominant in Greek politics and contaminated all major political parties, eventually causing a major polity crisis. Besides its particular interest in the specific case of Greece, the text offers new insights about how states may fail, how populism develops at single-nation level, and what could happen when it reigns supreme. It also makes a strong statement about the corrosive power of populism on modern liberal democracy.