Hardening the EU core-periphery lines, 2009–2019: Dependency, neoliberalism, welfare reformation and poverty in Greece

Abstract

The paper holds a critical view on EU austerity policies, with particular emphasis given to Greece. It is maintained that the main causes for the implementation of neoliberal reforms should be examined in the manner with which the Greek economy has developed in relation with the European capitalist division of labor as a peripheral economy. Greece is approached as intimately conditioned by a multifaceted institutional structure of dependencies that outstrips the country's ability to exercise economic policy for its own social interests. Essentially built upon the premises of a core-periphery dependency paradigm, the periodic post-war reconfigurations of the EU architectural design offered enough room to the formation of a stricter policy framework along these lines. By developing a set of differentiated indices on European poverty, the devastating consequences of the belated neoliberal reformation of the country's welfare state are highlighted. All calculations are based on microdata sets of EUSILC surveys.