Liesbeth Noordegraaf-Eelens and Jos de Mul, The sovereign debt crisis or Sophie’s choice.

The year 2011 will probably be known for its quick succession of Euro summits. They all had a similar, tragic outline. Every summit started with good intentions: this would be the summit bringing the solution for the crisis.

Liesbeth Noordegraaf-Eelens, affiliated with the Erasmus School of Economics, and  Jos de Mul make a comparison between what’s happening now and what has happened in the past. They use the Greek tragedy figures in their argument as a source of practical wisdom.

“Greek tragedies show us tragic heroes: mortals who embrace their fate as their choice. In this article we will explain what Greek Tragedy and the sovereign debt crisis have in common. We will illustrate what tragic heroes are up to, and, finally, we will propose what acting, in the sense of taking moral responsibility, in the current crisis could look like.”

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Publication date: 10 April 2012