Browsing by Subject "Eurozone crisis"

Now showing 1 - 3 of 3

Open Access
Causes and consequences of crisis in the eurozone periphery
(Palgrave Macmillan, Cham, 2018) Parker, O.; Tsarouhas, Dimitris
This volume considers the political economy dynamics that both caused and were precipitated by the Eurozone crisis in four of the hardest-hit so-called periphery country cases—Ireland, Spain, Portugal and Greece. This introduction focuses on the broader structures that underpinned the Eurozone crisis, whereas the chapters that follow zoom in on domestic cases. It argues that a single currency designed in accordance with neoliberal ‘efficient market’ ideas was at the heart of the crisis, exacerbating dangerous economic divergences between a so-called core of creditor states and periphery of debtor states. Responses to the crisis were, it is suggested, premised on the very same neoliberal ideas and made matters worse for a struggling ‘periphery’. More effective responses exist in theory, but are politically difficult in practice.
Open Access
The European Union’s crises and the resilience of EU societies
(Routledge, 2022-07-22) Sefer, Özlem
Resilience is one of the most popular and yet ambiguous topics in the social sciences. It has been examined not only in an individual sense but also in relation to communities. The European Union (EU) has faced several crises in the 2000s that have shown the level of resilience of EU societies. This paper discusses community resilience within the framework of the EU’s recent crises to examine how EU societies have coped with adversity. Specifically, it analyses competences and common policies at the EU level in relation to resilience and crises within the EU.
Open Access
The politics of austerity and public policy reform in the EU
(Sage Publications Ltd., 2014-04-07) Ladi, S.; Tsarouhas D.
The European Union (EU) is at a critical juncture that will either trigger further integration or reinforce a mode of intergovernmental cooperation. The spread of market pressure to a growing number of states demonstrates that the crisis needs to be dealt with at the European and not just the national level. Up to now the 'politics of extreme austerity' has been the mainstream recipe promoted to and adopted by member states. The measures are tougher in those countries where there has been external financial assistance (i.e. Greece, Portugal and Ireland) but the rest of Europe is following suit (e.g. Italy and the UK). This introduction outlines the key directions of EU reforms to put into context the more specific cases discussed elsewhere in this symposium. The strengths and weaknesses of the theoretical frameworks employed in the articles are discussed to demonstrate the lessons that the crisis offers for our well-established public policy models and to highlight avenues for further research. Two main arguments are advanced: first, the crisis calls for an interdisciplinary approach to comprehend its full extent and deal with it efficiently; and second, the current political trajectory of the EU calls for urgent changes to strengthen its cohesion and long-term viability.