Fifteen years after the Great Recession, we are witnessing a series of striking reversals. When the crisis struck, Spain was cast among the eurozone’s “sinners,” while Germany stood out as a “saint”—a model of fiscal prudence and economic success. Austerity dominated the political and policy landscape. Today, however, the narrative has shifted. Germany’s so-called economic miracle appears less convincing, while Spain is now outperforming much of the eurozone, buoyed in part by robust public investment. In a remarkable turn, Germany itself is expanding public spending on defense and infrastructure. Meanwhile, the United States appears to be retreating from its role as global leader, evidenced by rising tariffs, declining foreign aid, and a weakening dollar.

This event brings together three scholars to explore the causes and consequences of these transformations, and to reflect on what they signal for the future of European and global politics.

The event is taking place in Bush House South East building, room 2.10.

Speakers

Dr Robert Basedow (Assistant Professor, LSE)

Dr Chase Foster (Lecturer, KCL)

Dr Jimena Valdez (Lecturer, KCL)