2010 marks a turning point for international politics. The impact of the global crisis is reflected in the readiness of both national governments and international organisations to rebuild relations between state and market within a safer regulatory framework. New models of development gained ground during the crisis: investments in new energy technologies, medical research, education, security and employment. In Europe, novel ideas interact with major institutional changes put into effect by the Lisbon Treaty. A wide range of policies, from the field of European security to the problems of migration and from EU enlargement to Euro-American cooperation, are affected by the changes on all these levels. The Constantinos Karamanlis Institute for Democracy Yearbook 2010 addresses vital aspects of the European and international agenda, bringing together prominent scholars and policymakers from a variety of national backgrounds.

The global economy is still experiencing the effects of the worst economic crisis since the Great Depression of the 1930s. Over the last three years economies worldwide have slowed and international trade has declined. Most importantly, the crisis has negatively affected the lives of ordinary people, creating a sense of uncertainty about the future and thus posing a direct threat to social cohesion, thus posing new challenges to political leadership. Climate change is also forcing the developed world to formulate a common strategy that will balance growth and environmental protection. The aim of the book is to examine these international trends and comprehend the transformations that take place internationally. The multi-authored work presents several accounts on the course of vital aspects of politics and economy. As a result, the contents of the book focusses on four main subjects: 1) global economic crisis and its consequences, 2) economic governance, 3) political leadership, and 4) climate change.

How have Malta and Cyprus - both EU members – transitioned from colonial island states to independent democracies? With the assistance of primary documentation this book traces the difficult path of these two states to becoming independent liberal democracies by using the pathway of democratization through decolonization. Using socio-economic and political data, analysed through the microscope of political science and international relations theories, Isabelle Calleja Ragonesi charts the progress of the two islands in the context of a number of four distinct phases. Firstly decolonization, independence and achieving the status of procedural democracies; secondly post-colonial independence consolidating democracy and regime breakdown; thirdly sovereign nation-state status and second attempts at consolidating democracy and finally attempting to reach substantive democracy status and EU membership. The study of these two states is contextualized within the context of democratization in Southern Europe and the cases of Malta and Cyprus provide new insights on the region for scholars of political science and international institutions.

The euro was generally considered a success in its first decade. Nevertheless, the “unanticipated” financial crisis in the summer of 2007 has developed gradually into the worst global economic crisis in post-war economic history and a sovereign debt crisis, calling into question the endurance of positive externalities under the current form of European economic integration. The experience of double-dip recessions in the core of the euro-area and the occurrence of a deflationary spiral in its southern periphery brings into question the wisdom of fiscal consolidation via austerity in the adjustment programmes adopted to exit the crisis. They also put into doubt the adequacy and efficiency of the European Economic and Monetary Union’s core elements, its political instruments and macroeconomic assumptions, as can be seen in the role of the Stability and Growth Pact and the stance of the European Central Bank. The title of this collective volume refers to the country where the European sovereign debt crisis began, while its contents concentrate on the extent to which this crisis should be a national or a European concern. Moreover, the focus on Greece stimulates discussion about the neglected factor of the shadow economy and the potential to boost government revenue through its successful transfer to the formal economy. The chapters address the inefficiencies of both euro-area institutions and policies adopted to exit the current predicament. Experts from several disciplines review the literature and critically evaluate the existence of issues such as contagion effects, domino effects, deflationary spirals, institutional efficiency and the reality of the option to exit the euro-area.

This book examines the international dimensions of the Greek military dictatorship of 1967 to 1974 and uses it as a case study to evaluate the major shifts occurring in the international system during a period of rapid change. The policies of the major nation-states in both East and West were determined by realistic Cold War considerations. At the same time, the Greek junta, a profoundly anti-modernist force, failed to cope with an evolving international agenda and the movement towards international cooperation. Denouncing it became a rallying point both for international organizations and for human rights activists, and it enabled the EEC to underscore the notion that democracy was an integral characteristic of the European identity. This volume is an original in-depth study of an under-researched subject and the multiple interactions of a complex era. It is divided into three sections: Part I deals with the interaction of the Colonels with state actors; Part II deals with the responses of international organizations and the rising transnational human rights agenda for which the Greek junta became a totemic rallying point; and Part III compares and contrasts the transitions to democracy in Southern Europe, and analyses the different models of transition and region-building, and how they intersected with attempts to foster a European identity. The Greek dictatorship may have been a parochial military regime, but its rise and fall interacted with signifi cant international trends and can therefore serve as a salient case study for promoting a better understanding of international and European trends during the 1960s and 1970s. This book will be of much interest to students of Cold War studies, international history, foreign policy, transatlantic relations and International Relations, in general.

Eirini Karamouzi explores the history of the European Economic Community (EEC) in the turbulent decade of the 1970s and especially the Community's response to the fall of the Greek dictatorship and the country's application for EEC membership. The book constitutes the first multi-archival study on the second enlargement of the EEC.