“…The combination of austerity measures and the ensuing recession, high levels of household debt, collapse of savings rates, cuts in wages and pensions, tax increases, unemployment, under-employment and job precarity, and the deterioration of core services of the welfare state formed a ‘perfect storm’ that led to substantial income losses and accelerated insecurity in and out of the labour market (Wise, 2015; Gonzalez et al, 2016; Muñoz-De-Bustillo et al, 2016; Simonazzi and Barbieri, 2016; Papadopoulos and Roumpakis, 2017a). A political economy of generalised insecurity began to emerge in Southern Europe.…”