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EMU Reform Mechanisms

Siegle:EMU Reform Mechanisms

Autor:	Clara Isabella Siegle
Verfügbarkeit:	Auf Lager.
Veröffentlicht am:	15.02.2024
Artikelnummer:	2628928
ISBN / EAN:	9783828849655

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Produktbeschreibung

In a case study of Ireland and Spain, the author establishes a framework that explains how reforms were enabled in the EMU during the eurozone crisis through a mechanism of interdependence between the member state and the European levels. The strong interconnection between both levels proved to be both a cause and a remedy: Each level being dependent on the other´s reliable functioning created an upward spiral of mutually perpetuated reform and thus a process of deepening integration. The author shows that this high degree of interconnectedness was induced by weaknesses on both levels and a simultaneous inability to single-handedly introduce changes, which thus necessitated external intervention by the respective other level.