Published June 18, 2012 | By Patricia Taft

Continuing its downward spiral in the 2012 Failed States Index, Greece, the cradle of democracy, continued to fall into chaos. For a second year running, the country worsened across almost every indicator score with the political and economic indicators experiencing the deepest decline. In 2011, the Greek economy continued to backslide as the unemployment rate hovered around 20% for the year, with an estimated 50% of young Greeks unemployed. As in 2010, political crises ensued, and the perceived legitimacy of the Greek government plunged as more and more Greek citizens questioned the ability of elected officials to drag their country out of the morass. Indeed, throughout 2011, the general worsening of the indicators which measure economic, political and social pressures evidenced that the financial crisis that had gripped the country for two years was quickly spreading across multiple sectors. Public rage was palpable with tens of thousands of Greeks taking to the streets in June to protest proposed austerity measures that included significant tax hikes.

Adding to the mayhem and impacting the economic and political trends, the catastrophe that was occurring in Greece brought into question the viability of such lofty ideals as pan-European prosperity and social and economic equality as the country dragged down its European Union brethren. Greece, which joined the Eurozone in 2001 after failing to meet the criteria in 1999, has long been the red-headed stepchild of the monetary union. By mid-2011, after only ten years of membership, it had racked up a debt load on par with 150% of its GDP, unheard of elsewhere in the union. Meanwhile, other E.U. countries were beginning to show similar strains. Ireland, Italy and Portugal continued to worsen in 2011, with the economic and political indicators taking the hardest hits. Spain, although holding steady throughout most of the year, began to show signs of steady decline by the end of the year.

June 20, 2011
By Nate Haken
The Failed States Index

After having contracted by 0.5% in 2009, global GDP is now very much in recovery mode, with growth of around 5% in 2010. However, this does not mean smooth sailing either for developing or developed countries. In the last year there have been massive protests against governments’ economic stewardship in countries as disparate as Greece and Burkina Faso, illustrating the sobering truth that under certain conditions recovery can be even more destabilizing than recession.

In 2009, economies in the developed world took a nosedive, as debt crises spread like wildfire, hopping through the Eurozone from Iceland, to Ireland, to Greece, and Portugal. Looking ahead, people are now turning their concern toward Spain. All of these countries, whether or not they have been, or will be, bailed out to stabilize their economies, are facing the necessity of austerity measures to prevent such crises from repeating themselves in the future. These austerity measures are being imposed as economies are now deemed strong enough to withstand them. Nevertheless, they have sparked protests, which have sometimes turned violent. Meanwhile, the recovering global economy is contributing to rising food and fuel prices, which have sparked massive protests and military crackdowns in Mozambique, Uganda, and Burkina Faso.

Published January 31, 2011 | By Jonas Vaicikonis

Status of International Nonproliferation and Counterterrorism Efforts in NATO Member States