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Southern Europe in Trouble: Domestic and Foreign Policy Challenges of the Financial Crisis

Southern Europe in Trouble: Domestic and Foreign Policy Challenges of the Financial Crisis

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This policy paper focuses on four financially volatile countries: Italy, Spain, Greece, and Portugal.
This policy paper focuses on four financially volatile countries: Italy, Spain, Greece, and Portugal.

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Categories:Types, Research
Published by: German Marshall Fund of the United States on Dec 14, 2012
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MEDITERRANEAN PAPER SERIES
2012
SOUTHERN EUROPE IN TROUBLE
DOMESTIC AND FOREIGN POLICY CHALLENGESOF THE FINANCIAL CRISIS
 Theodore CouloumbisAndrea DessìThanos DokosPaulo GorjãoEttore GrecoDimitris KatsikasCharles PowellDimitris A. Sotiropoulos 
 
© 2012 Te German Marshall Fund o the United States. All rights reserved.No part o this publication may be reproduced or transmitted in any orm or by any means without permission in writingrom the German Marshall Fund o the United States (GMF). Please direct inquiries to:Te German Marshall Fund o the United States1744 R Street, NWWashington, DC 20009 1 202 683 2650F 1 202 265 1662E ino@gmus.orgTis publication can be downloaded or ree at www.gmus.org/publications. Limited printcopies are also available. o request a copy, send an e-mail to ino@gmus.org.
GMF Paper Series
Te GMF Paper Series presents research on a variety o transatlantic topics by sta, ellows, and partners o the GermanMarshall Fund o the United States. Te views expressed here are those o the author and do not necessarily represent the views o GMF. Comments rom readers are welcome; reply to the mailing address above or by e-mail to ino@gmus.org.
About GMF
Te German Marshall Fund o the United States (GMF) strengthens transatlantic cooperation on regional, national, andglobal challenges and opportunities in the spirit o the Marshall Plan. GMF does this by supporting individuals and institu-tions working in the transatlantic sphere, by convening leaders and members o the policy and business communities,by contributing research and analysis on transatlantic topics, and by providing exchange opportunities to oster renewedcommitment to the transatlantic relationship. In addition, GMF supports a number o initiatives to strengthen democra-cies. Founded in 1972 as a non-partisan, non-prot organization through a gi rom Germany as a permanent memorial toMarshall Plan assistance, GMF maintains a strong presence on both sides o the Atlantic. In addition to its headquarters inWashington, DC, GMF has seven ofces in Europe: Berlin, Paris, Brussels, Belgrade, Ankara, Bucharest, and Warsaw. GMFalso has smaller representations in Bratislava, urin, and Stockholm.
About the Mediterranean Policy Program
Te Mediterranean Policy Program promotes transatlantic analysis and dialogue on issues aecting Southern Europe, NorthArica, the Levant, and the Mediterranean basin. Priority areas include: understanding trends in Mediterranean societies;exploring opportunities or south-south cooperation and integration; research on key unctional issues aecting Mediter-ranean security and development; and strengthening the North American policy debate on the region and transatlanticcooperation on Mediterranean strategy.
About Istituto Affari Internazionali
Te Istituto Aari Internazionali (IAI), ounded by Altiero Spinelli in 1965, does research in the elds o oreign policy,political economics, and international security. A non-prot organization, the IAI aims to disseminate knowledge throughresearch studies, conerences, and publications. o that end, it cooperates with other research institutes, universities, andoundations in Italy and abroad and is a member o various international networks. More specically, the main researchsectors are European institutions and policies, Italian oreign policy, trends in the global economy and internationalizationprocesses in Italy, the Mediterranean and the Middle East, deense economy and policy, and transatlantic relations. Te IAIputs out an English-language quarterly (
Te International Spectator 
), an online webzine (
 AfarInternazionali
), a series o research papers (Quaderni IAI) and an Italian oreign policy yearbook (
La Politica Estera dell’Italia
).Cover photo: February 22, 2012: Student demonstration in Valencia streets, against the cuts in the public education andagainst the police violence. Te banner slogan reads “We are the people.” © Eduardo Luzzatti Buyé
 
Southern Europe in rouble
Domestic and Foreign Policy Challengesof the Financial Crisis
Mediterranean Paper SeriesDecember 2012
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