The role of EU leaders and ideas in managing the Eurozone crisis: navigating uncharted territory

10.33540/563 ◽  
2021 ◽  
Author(s):  
◽  
Eva Marij Swinkels
Keyword(s):  
Eurozone Crisis

scholarly journals The structure of business preferences and Eurozone crisis policies

2018 ◽  
Vol 20 (2) ◽  
pp. 165-207 ◽  
Author(s):  
José Fernández Albertos ◽  
Alexander Kuo
Keyword(s):  
Structural Characteristics ◽  
Economic Hardship ◽  
Left Wing ◽  
Firm Characteristics ◽  
Eurozone Crisis ◽  
Political Orientations ◽  
Fiscal Austerity ◽  
High Level ◽  
The Impact

AbstractWhat explains business views regarding policy preferences in the Eurozone crisis? Although recent literature examines the impact of the crisis on citizen views, few studies examine business preferences towards adjustment policies. We present unique data from a new representative survey of 500 high-level firm representatives from Spain to test theories about such preferences, in particular views about the euro, fiscal austerity, and wage devaluation, as well as plausible mechanisms for such preferences. We test three broad families of theories to explain such preferences, focusing on the role of structural firm characteristics, economic hardship, and political leanings of firm managers. We find that first, there is a strong conservative position regarding all of these policies. Second, we find that contra conventional approaches to explaining preferences, for the domestic policies (but not for euro views), the political leanings of firms matter much more than baseline structural characteristics. Third, we find that surprisingly economic hardship does not cause firms to demand more left-wing policies, as it might for voters; in fact, firms that have suffered are likely to be more skeptical of such measures. These findings indicate the need to better measure political orientations of firm respondents and suggest that this is a larger division among firms than previously recognized.

Domesticating pathogenies, evaluating change: the Eurozone crisis as a ‘hot moment’ in Greek television fiction

2017 ◽  
Vol 40 (7) ◽  
pp. 957-972 ◽  
Author(s):  
Georgia Aitaki
Keyword(s):  
News Media ◽  
Meaning Making ◽  
Eurozone Crisis ◽  
Self Assessment ◽  
Assessment And Evaluation ◽  
Modern Greek ◽  
Culturally Based ◽  
The Family ◽  
Media Discourses

This article investigates how the Eurozone crisis is thematically negotiated in a popular Greek television comedy. Inspired by the increasing interest in the ideological role of news media during the Eurozone crisis of the late 2000s, it turns the spotlight on the sphere of entertainment in an attempt to address the importance of fictional mediations and meaning-making processes. To that end, it proposes an understanding of television fiction as an accommodator and shaper of ‘hot moments’, instigating processes of self-assessment and evaluation of change. More specifically, the study examines the ways in which the family comedy Piso sto Spiti (MEGA Channel, 2011–2013) provides culturally based understandings of the Eurozone crisis by depicting it as associated with inherent flaws of the modern Greek and by assessing the possibility of change through a juxtaposition with national ‘others’. At the same time, it identifies ways that ideology leaks from television fiction in its interaction with other media discourses simultaneously circulating within a society.

scholarly journals Mental health and politics since the eurozone crisis: The role of mental health professionals

2019 ◽  
Vol 62 ◽  
pp. 28-29 ◽  
Author(s):  
Isabel M. Perera
Keyword(s):  
Mental Health ◽  
Economic Crisis ◽  
Mental Health Professionals ◽  
Health Professionals ◽  
The Body ◽  
Generalized Anxiety ◽  
Eurozone Crisis ◽  
The Mind

Abstract Some of the most immediate health effects of the 2008 economic crisis concerned the mind, not the body. Rates of generalized anxiety, chronic depression, and even suicide spiked in many European societies. This viewpoint highlights the role of mental health professionals in responding to this emergency, and argues that their sustained mobilization is necessary to its long-term resolution.

scholarly journals The European Central Bank, machinic enslavement, and the Greek public sector

2016 ◽  
Vol 2 (1) ◽  
pp. 45-61
Author(s):  
Radman Selmic
Keyword(s):  
Public Sector ◽  
Central Bank ◽  
European Central Bank ◽  
Eurozone Crisis ◽  
The Public ◽  
European Central ◽  
Greek Crisis ◽  
Financial Infrastructure ◽  
Policy Measures

This article investigates the role of the European Central Bank (ECB) in transferring financial and moral responsibility for the Eurozone crisis from the private to the public sector. Focusing on Greece, I argue that the ECB constructed the morality of the public debtor in such a way as to make this transfer of responsibility easier and the imposition of austerity measures justifiable. This in part relied on a shift in the ECB’s discourse, which came to define the crisis exclusively in terms of public sector responsibility. However, the ECB also employed a range of non-linguistic policy measures aimed at intervening in the crisis. To interpret these measures I draw on Deleuze and Guattari’s concept of ‘machinic enslavement’, arguing that the ECB contributed to the Greek crisis not only by defining it discursively but also by reshaping the country’s financial infrastructure in crucial ways.

scholarly journals European Financial Governance: FTT Reform, Controversies and Governments’ Responsiveness

2021 ◽  
Vol 9 (2) ◽  
pp. 208-218
Author(s):  
Aukje Van Loon
Keyword(s):  
Governance Reform ◽  
Eurozone Crisis ◽  
Preference Formation ◽  
Explanatory Variables ◽  
Financial Governance ◽  
Material Interests ◽  
Societal Dynamics ◽  
Transaction Tax

The Eurozone crisis exposed the incompleteness of the Economic and Monetary Union’s governance framework thereby prompting the promotion of a multitude of reform packages and proposals. This simultaneously induced conflict among EU governments on both design and content of such reforms. In case of the financial transaction tax (FTT) proposal, which failed to garner consensus among member governments, it illustrates Ireland’s disapproval clashing with favorable German and French stances. While these governments aligned on the necessity to reform, the process of harmonizing EU financial governance proved rather difficult. In analyzing governments’ variation of reform support or opposition, the societal approach to governmental preference formation is employed. This is considerably conducive in directing academic attention to the role of two explanatory variables, domestic material interests and value-based ideas, in shaping governments’ reform positions. This article encompasses a comprehensive comparative account of domestic preference formation and responsiveness of three EU governments (France, Germany and Ireland), in the case study of the FTT, and demonstrates that the two societal dynamics are prone to have played a role in shaping financial reform controversies. By building on and contributing to Eurozone crisis literature, this approach seems appropriate in analyzing financial governance reform due to the crisis’ domestic impact resulting in increased public salience, issue politicization and an advanced role of elected politicians.

scholarly journals The European Parliament and the eurozone crisis: An exceptional actor?

2018 ◽  
Vol 20 (3) ◽  
pp. 632-651 ◽  
Author(s):  
Thomas Warren
Keyword(s):  
European Union ◽  
European Parliament ◽  
Leadership Role ◽  
Governance Reform ◽  
Eurozone Crisis ◽  
Fiscal Discipline ◽  
Explanatory Factors ◽  
Crisis Discourse ◽  
Supranational Integration

The eurozone crisis has reinvigorated the debate over the requirement for supranational integration within the single currency area. With the focus of political scientists often restricted to the study of intergovernmental processes of crisis management, this article considers the role of the European Parliament during the key legislative negotiations on European Union fiscal governance reform. A comparative frame analysis of the major European Union institutions’ crisis discourse is applied. Frames are linked to macroeconomic ideology as well as to different integration scenarios within Economic and Monetary Union. It is found that the European Parliament converged around limited framing devices supporting intergovernmental fiscal discipline. Key explanatory factors here were the ideological divisions among Members of the European Parliament as well as the leadership role played by the European Council. These findings are broadly consistent with the new intergovernmentalist claims that the supranational institutions are no longer hard-wired to the pursuit of supranational integration.

scholarly journals The European Parliament: A Normal Parliament in a Polity of a Different Kind

2018 ◽  
Author(s):  
Ariadna Ripoll Servent ◽  
Christilla Roederer-Rynning
Keyword(s):  
Systems Approach ◽  
European Parliament ◽  
Political Environment ◽  
The European Union ◽  
Political Systems ◽  
Eurozone Crisis ◽  
Ongoing Debate ◽  
Academic Field ◽  
The Impact

The European Parliament (EP) has grown from a “talking shop” to a fully-fledged legislative body in the European Union (EU)’s bicameral system. This process of communautarization and parliamentarization has generated considerable attention in the academic field. Furthermore, in today’s political environment—characterized by the polarization of public opinion, Brexit, the lingering effects of the Eurozone crisis, and the steady rise of Euroskeptical and radical forces throughout Europe—the role of the European Parliament (EP) is perhaps more critical to understand and assess than ever before. An overarching question in the literature is how “normal” the EP has become. Drawing on David Easton’s political systems approach, we examine this condition in three sub-literatures: the literature on inputs (demands), the literature on withinputs (inter-institutional processing of inputs), and the literature on outputs (EP decisions and actions, and the impact thereof). Building on this literature and contributing to the ongoing debate on the nature and significance of the EP, we propose to conceptualize the EP as “a normal parliament in a polity of a different kind.” This paradoxical conceptualization reflects abundant insights that, despite the EP gaining comprehensive lawmaking powers that are quite unparalleled in the world of international politics, its functioning and significance remain profoundly, distinctly, and probably durably, shaped by the multilevel nature of EU politics.

Introduction

2020 ◽  
pp. 1-32
Author(s):  
Stefanie Walter ◽  
Ari Ray ◽  
Nils Redeker
Keyword(s):  
Policy Options ◽  
Eurozone Crisis ◽  
Unequal Distribution ◽  
Main Research ◽  
Political Actors ◽  
Large Current ◽  
Trade Offs ◽  
Research Questions

Why did the Eurozone crisis prove so difficult to resolve? Why were adjustment burdens distributed so unevenly and why did no country leave the Eurozone? Who supported and opposed different policy options and how did the distributive struggles both within countries and between countries shape crisis politics? This introductory chapter lays out the main research questions and puzzles motivating this book. It provides an overview about the trajectory of the crisis and highlights the unusual characteristics of the crisis, most notably the unequal distribution of crisis resolution costs between deficit-debtor and surplus-creditor countries in the Eurozone. It then presents the policy options available to policymakers in both crisis countries mired by debt and balance of payments problems, as well as surplus-creditor countries characterized by large current account surpluses. The chapter then presents a brief overview of the book’s main argument that societies’ and political actors’ vulnerability profiles play an important role in shaping crisis policies and politics. The chapter concludes with an outlook and brief summary of the book’s individual chapters and a discussion of the book’s contributions to research on the Eurozone crisis, crisis politics, and the role of trade-offs in policymaking more generally.

scholarly journals Capitalist diversity and variety: Variegation, the world market, compossibility and ecological dominance

2014 ◽  
Vol 38 (1) ◽  
pp. 45-58 ◽  
Author(s):  
Bob Jessop
Keyword(s):  
Crisis Management ◽  
World Market ◽  
Historical Institutionalism ◽  
Eurozone Crisis ◽  
Form Analysis ◽  
The World ◽  
Comparative Capitalisms ◽  
Ecological Dominance ◽  
Market Perspective

This article critiques the institutionalist literature on varieties of capitalism and the more regulationist comparative capitalisms approach. It elaborates the alternative concept of variegated capitalism and suggests that this can be studied fruitfully through a synthesis of materialist form analysis and historical institutionalism within a world-market perspective. It highlights the role of institutional and spatiotemporal fixes that produce temporary, partial, and unstable zones of stability (and corresponding zones of instability) within the limits of the crisis-prone capital relation, and illustrates this from the crisis of crisis-management in the Eurozone crisis.

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