Remaking European Political Economies: Financial Assistance in the Euro Crisis - Couverture rigide

Zagermann, Dennis

Couverture rigide

ISBN 10 : 1487549032 ISBN 13 : 9781487549039

Editeur : University of Toronto Press, 2024

Synopsis

From 2009 to 2015, the European Union’s (EU) euro area experienced an existential socio-economic crisis. To secure its institutional integrity, the EU designed several new institutions to support member states in need but also to facilitate socio-economic adjustments. The European Stability Mechanism (ESM) lies at the centre of this strategy: it provides financial assistance to member states in severe crisis on an intergovernmental basis while demanding compliance with adjustment programs from program countries. Based on a comparative political economic analysis, Remaking European Political Economies shows that the EU’s financial assistance programs focused strongly on reforms that led to a partial convergence of program countries based on market-based economic governance and reduced governmental influence in the economy. The book draws on extensive, empirically based case studies of two prominent euro area countries in crisis: Greece and Ireland. Dennis Zagermann illustrates that socio-economic models in the euro area can experience institutional change if exposed to severe crises in combination with financial assistance programs that include policy conditionality. In doing so, his book sheds light on the central question of whether there is a possible convergence of European models of capitalism – a question that has been at the centre of comparative political economic debates for over thirty years.

A propos du livre

À propos de l'auteur

Dennis Zagermann is a political scientist whose research concerns diverse issues of the European political economy.

Détails de l'édition

• Éditeur: University of Toronto Press
• Date d'édition: 2024
• Langue: anglais
• ISBN 10: 1487549032
• ISBN 13: 9781487549039
• Reliure: Relié
• Nombre de pages: 296
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible