The Political Economy of Adjustment Throughout and Beyond the Eurozone Crisis What Have We Learned 1st Edition by Michele Chang, Federico Steinberg, Francisco Torres 0367784467 9780367784461

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ISBN 10: 0367784467

ISBN 13: 9780367784461

Author: Michele Chang, Federico Steinberg, Francisco Torres

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.

The Political Economy of Adjustment Throughout and Beyond the Eurozone Crisis What Have We Learned 1st Table of contents:

1 After the bailout: 10 years of the euro area crisis

PART I The European dimension of the crisis

2 The euro crisis: its unresolved roots and their reform implications

3 When numbers don’t add up: bureaucratic culture and conflicts in EU–IMF programs

PART II Country studies

4 Greece after the bailouts: assessment of a qualified failure

5 Ireland: back to a different normal

6 Portugal’s adjustment program: the run-up to the sovereign debt crisis, program design, implementation and legacy

7 Using a sectoral bailout to make wide reforms: the case of Spain

8 Italy: missed adjustments and political nemesis

PART III National growth models and the political economy of adjustment

9 Unity in diversity? Varieties of capitalism before and after the euro crisis

10 Conclusion: the political economy of adjustment

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Michele Chang,Federico Steinberg,Francisco Torres,Political,Economy