Managing the Euro Crisis

This insightful book examines national coordination of EU policies during the financial crisis, focusing on countries like Greece and Portugal in Managing the Euro Crisis.

This book delves into the national coordination of EU policies in nations most impacted by the financial crisis, specifically examining case studies from Cyprus, Greece, Ireland, Italy, and Portugal. It highlights the necessity for adaptation, taking into account the intricate relationships between member states and the evolution of domestic coordination systems over time.

The financial crisis introduced significant challenges for Eurozone administrations, such as balancing EU obligations amidst economic turmoil, enhancing the implementation of EU policies, and negotiating effectively with the Troika. The need for swift compliance with the requirements outlined in the Memoranda of Understanding further complicated these issues, making effective coordination essential.

Managing the Euro Crisis offers a comprehensive analysis of how EU coordination has been approached by national executives, considering the legal and political ramifications of the crisis. Through interdisciplinary perspectives, it explores how these five severely affected Member States have modified their coordination systems since the crisis began, revealing the adjustments made by domestic administrations. The comparative analysis indicates a trend where Prime Ministers and Ministers of Finance experienced increased empowerment, reflecting a collective shift towards a more centralized approach in EU coordination.