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Labour law is at the core of arguments about how the European Union (EU) should respond to the sovereign debt crisis, which began in 2010 and shows no signs of abating. Radical, deregulatory labour law reforms have been demanded of EU member states receiving financial support from the ‘Troika’ of the European Commission, European Central Bank and International Monetary Fund (IMF). Where this will leave European labour law, the single currency, and, ultimately, the EU itself, is far from clear as the ILJ goes to press in the late summer of 2012. In this special issue, we publish three articles that throw much needed light on the origins of the Eurozone crisis, the reasons for the priority accorded to labour law reform in the EU’s policy response and the possible consequences if current trends continue. In their article, ‘Political Economy of the Sovereign Debt Crisis: The Limits of Internal Devaluation’,...
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