ABSTRACT

This volume focuses on the aftermath of the euro crisis and whether the reforms have brought about lasting changes to the economic and political structures of the crisis countries or if the changes were short-term and easily abandoned post-bailout and post-recovery.

Starting with an analysis of the state of euro area governance at the onset of the crisis and the ensuing reforms, the book considers structural conditions as well as those specific to the domestic political economy of most of the countries affected by the crisis, including Greece, Ireland, Portugal, Spain, and Italy. It presents up-to-date and incisive analysis of the aftermath of the crisis and suggests how we can situate it within our understanding of different national growth models in Europe.

This book will be of key interest to scholars, students and practitioners interested in the Euro Crisis, Economic and Monetary Union, European Union and European politics and more broadly to Comparative Politics, Political Economy, International Relations, Economics, Finance, Business and Industry.

chapter 1|13 pages

After the bailout

10 years of the euro area crisis

part 15I|43 pages

The European dimension of the crisis

chapter 2|21 pages

The euro crisis

Its unresolved roots and their reform implications

chapter 3|20 pages

When numbers don’t add up

Bureaucratic culture and conflicts in EU–IMF programs

part 59II|146 pages

Country studies

chapter 4|33 pages

Greece after the bailouts

Assessment of a qualified failure

chapter 5|28 pages

Ireland

Back to a different normal

chapter 6|35 pages

Portugal’s adjustment

program The run-up to the sovereign debt crisis, program design, implementation and legacy

chapter 8|24 pages

Italy

Missed adjustments and political nemesis

part 205III|33 pages

National growth models and the political economy of adjustment

chapter 9|22 pages

Unity in diversity?

Varieties of capitalism before and after the euro crisis

chapter 10|9 pages

Conclusion

The political economy of adjustment