Interview #40 — Lessons from the Great Recession

Catherine Moury has studied the effects of the last economic crisis and the subsequent Great Recession, the impact of the bailout on Portugal, the rhetoric used by political actors and institutions, the austerity measures imposed in name of the famous motto of Thatcherism: “there is no alternative”. This time, is there an alternative to austerity?

In this interview she explains whether the EU and its member states are responding in a similar way compared to the 2008-2012 crisis, she reflects on the use of Eurobonds and the European Stability Mechanism, and claims that governments are less likely to use the emergency to implement austerity reforms as it happened during the last crisis.

Enjoy he read.

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