Position-taking in the Euro crisis

Armingeon, Klaus; Cranmer, Skyler (2017). Position-taking in the Euro crisis. Journal of European public policy, 25(4), pp. 546-566. Taylor & Francis 10.1080/13501763.2016.1268642

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The decisions faced by members of the European Union (EU) during the sovereign debt crisis focused on fiscal policies in the Eurozone and structural reforms in the countries that experienced fiscal problems. Who sided with whom in these decision processes and why? We posit that states in strong economic positions will minimize the expense of supporting weaker economies because those economically strong states do not see austerity measures for themselves in the foreseeable future. Meanwhile, less competitive states seek to avoid austerity measures because, even if an austerity outcome that imposes heavy costs on their state is inevitable, vocal opposition to the measures will minimize the electoral costs incurred by the government. States that are neither competitive nor uncompetitive should avoid taking an open position and simply support a majority coalition. Empirically, we show that the competiveness of a given state’s national economy is the major explanatory factor for the position it ultimately takes.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Social Sciences > Institute of Political Science

UniBE Contributor:

Armingeon, Klaus

Subjects:

300 Social sciences, sociology & anthropology > 320 Political science

ISSN:

1350-1763

Publisher:

Taylor & Francis

Language:

English

Submitter:

Beatrice Romann

Date Deposited:

17 Jul 2017 15:51

Last Modified:

18 Feb 2018 02:07

Publisher DOI:

10.1080/13501763.2016.1268642

BORIS DOI:

10.7892/boris.94089

URI:

https://boris.unibe.ch/id/eprint/94089

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