Remaking European Political Economies - 9781487549039

Remaking European Political EconomiesFinancial Assistance in the Euro Crisis\nAuthor(s): Dennis Zagermann\nFormat: Hardback\nPublisher: University of Toronto Press, Canada\nImprint: University of Toronto Press\nISBN-13: 9781487549039, 978-1487549039\nSynopsis\nFrom 2009 to 2015, the euro area of the European Union (EU) experienced an existential socio-economic crisis. To secure its institutional integrity, the EU designed several new institutions to support member states in need but also to facilitate socio-economic adjustments. The European Stability Mechanism (ESM) lies at the centre of this strategy: it provides financial assistance to member states in severe crisis on an intergovernmental basis while demanding compliance with adjustment programs from program countries.\n\n Based on a comparative political economic analysis, Remaking European Political Economies shows that the EUs financial assistance programs focused strongly on reforms that led to a partial convergence of progra.