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Remaking European Political Economies Financial Assistance In The Euro Crisis Dennis Zagermann

  • SKU: BELL-58456824
Remaking European Political Economies Financial Assistance In The Euro Crisis Dennis Zagermann
$ 31.00 $ 45.00 (-31%)

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Remaking European Political Economies Financial Assistance In The Euro Crisis Dennis Zagermann instant download after payment.

Publisher: European Union Studies
File Extension: PDF
File size: 8.19 MB
Pages: 296
Author: Dennis Zagermann
ISBN: 9781487549039, 1487549032
Language: English
Year: 2024

Product desciption

Remaking European Political Economies Financial Assistance In The Euro Crisis Dennis Zagermann by Dennis Zagermann 9781487549039, 1487549032 instant download after payment.

From 2009 to 2015, the euro area of the European Union (EU) 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.

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