Magazine
Latest Issue

How the financial crash brought extreme polarisation to politics

After Lehman Brothers tumbled, leaders fell like dominoes. Recession unleashed a raging chaos—and its political legacy is only now becoming clear

By Tom Clark   August 2017

Greek Prime Minister Alexis Tsipras and Health Minister Andreas Xanthos in 2017. Photo: NurPhoto/SIPA USA/PA Images

Crunch. Crash. Austerity. The saga has dragged on for a decade, and its real victims can be found at a food bank, not strolling out the back door of a parliament building or a presidential palace. But the political destruction left in the path of the economic tornado is remarkable nonetheless.

In Europe’s…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect