EMU Reform Mechanisms - A Multi-Level Analysis of the European Sovereign Debt Crisis in a Case Study of Ireland and Spain

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.

Product details

• Authors: Clara Isabella Siegle
• Publisher: Tectum-Verlag
• Languages: English
• Product format: Paperback / Softback
• Released: 08.02.2024
• EAN: 9783828849655
• ISBN: 978-3-8288-4965-5
• No. of pages: 100
• Dimensions: 186 mm x 7 mm x 247 mm
• Weight: 155 g
• Series: Young Academics: EU Studies
• Subjects: Social sciences, law, business > Political science > Comparative and international political science; Irland, Spanien, N3-Rabatt, Internationale Wirtschaft, Spain, Wirtschaftspolitik, politische Ökonomie, EU, Europäische Union, Reformen, Interdependenz, Europäische Währungsunion, Ireland, EMU, Mitgliedsstaaten, EWU, member states, Reforms, interdependence, eurozone crisis, interconnectedness, EMU reform mechanisms, Eurozone-Krise, external intervention, European sovereign debt crisis, externe Intervention, EWU Reformmechanismen, Europäische Staatsschuldenkrise