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Fiscal Consolidation in the Euro Crisis: Politico-Economic and Institutional Causes

Fiscal Consolidation in the Euro Crisis: Politico-Economic and Institutional Causes

Hardcover

Investing & FinanceGeneral Political ScienceInternational Relations

ISBN10: 3030577678
ISBN13: 9783030577674
Publisher: Springer
Published: Sep 13 2020
Pages: 192
Weight: 1.03
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English

This book sheds new light on if and why, between 2009 and 2015, European governments succeeded or failed in initiating and actually realizing some of the farthest-reaching austerity plans in modern history. The author analyzes the economic and political context and the underlying causes of austerity and economic adjustment packages during the Euro crisis. In doing so, he shows that austerity has its roots in an institutional mismatch between capitalist diversity in the Eurozone on the one hand, and an ill-conceived common economic regime on the other. In this context, austerity trumped politics, and even democracy itself. The book will appeal to scholars of political science and comparative political economy, as well as governmental policymakers and practitioners in the finance sector.

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