ABSTRACT

This introduction provides a brief overview of the volume and how the countries affected by the euro crisis (Greece, Ireland, Portugal, Spain and Italy) adjusted as a result of changes to EU governance, conditionality programs that accompanied bailouts and domestic political dynamics. It presents the main research questions that all of the case studies deal with and the analytical framework that will be utilized to varying degrees by all of the case studies: the varieties of capitalism. The last section summarizes the volume’s case studies, both at the level of the euro area and the country studies.