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The Politics of Eurozone Reforms (Hardcover)
Loot Price: R2,391
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The Politics of Eurozone Reforms (Hardcover)
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Recent Eurozone reforms mark the most profound deepening of
European integration since Maastricht. This book analyses how
member states formed preferences in the politics of these reforms,
and how preferences translated into policy outcomes on the European
level. The chapters summarize insights on the role of different
actors and institutions from four datasets based on 200 expert
interviews, the analysis of 5000 policy documents and
constitutional court cases in all EU member states. The findings
confirm some common wisdom, dispel some myths, and provide insights
into mechanisms facilitating further reforms. While quantitative
analyses show that 'Northern' and 'Southern' member states were
deeply divided, case study chapters provide more refined view.
Empirical data also indicate that reform decisions were dominated
by governments and EU institutions but dispel the notion that
Germany alone imposed its preferred policy. This book goes further
and unpacks the legacies of the EMU crisis that make future reforms
dependent on the reduction of financial sector risks, which is a
necessary condition for rebuilding trust and restarting the gradual
convergence of Eurozone reform preferences.
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