What's wrong with post-Keynesian accounts of the Eurozone crisis?

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There is general agreement that the Eurozone crisis has had a devastating impact on countries in Europe’s periphery, especially in the south. This is expressed in record levels of unemployment, social inequality and widespread social deprivation. However, there is little agreement amongst academic accounts on the causes of the crisis, nor on how this can be resolved. In this guest post, Jamie Jordan reports on the recently published article in the Journal of Common Market Studies, co-authored by him, Andreas Bieler and Adam David Morton. The article ‘EU aggregate demand as a way out of crisis?’ critically engages post-Keynesian accounts on both the economic causes of the crisis and the political possibilities for realising a European-wide recovery.