1.

Record Nr.

UNINA9910299367903321

Autore

Győrffy Dóra

Titolo

Trust and Crisis Management in the European Union : An Institutionalist Account of Success and Failure in Program Countries / / by Dóra Győrffy

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2018

ISBN

9783319692128

3319692127

Edizione

[1st ed. 2018.]

Descrizione fisica

1 online resource (XIII, 244 p. 35 illus., 34 illus. in color.)

Disciplina

337

Soggetti

International economic relations

Economic policy

Europe - Politics and government

International Economics

Economic Policy

International Political Economy'

European Politics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references at the end of each chapters and index.

Nota di contenuto

1. Introduction -- 2. A Theory of trust and cooperation -- 3. Trust and crisis management -- 4. A brief overview of the European financial crisis -- 5. Crisis management within the Eurozone: The cases of Ireland and Greece -- 6. Crisis Management Outside the Eurozone: The Cases of Latvia and Hungary -- 7. Success and failures in other program countries. 8. Conclusions.

Sommario/riassunto

This book addresses and explains the divergent economic and political outcomes of the financial crisis in the eight European Union member states which needed a bailout program: Cyprus, Greece, Hungary, Ireland, Latvia, Portugal, Romania and Spain. Looking at crisis management as a series of relationships where cooperation is essential, this book focuses on the essential role of trust during the process. It argues that the presence or absence of trust during the negotiation and



implementation of the bailout program leads to self-reinforcing cycles of success and failure. The analysis of these eight countries also explores the institutional sources of trust - it shows that a commitment to limited government is associated with both economic success and resistance to populism. The final chapter considers the implications for the future of the EU and calls attention to the importance of strengthening domestic institutions in order to bridge the gap between concerns over moral hazard and expectations of solidarity.