By Rehan Adamjee. Stanford University.
The European economic crisis has become the center of much of the economic discourse that is taking place around the world. Unemployment rates of over 25 % in Greece, unstable bond markets in Ireland and Spain, and exploding levels of government debt across Europe have exposed both the fragility of the Eurozone as well as raised questions about its future. What many people don’t know however are the greater ramifications of this crisis on the political stability of Europe as well as the threats to its democracy. Crises such as these often provide the perfect breeding ground for extreme, undemocratic ideologies to flourish. What do I mean by this?
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