The Political Economy of Adjustment Throughout and Beyond the Eurozone Crisis : What Have We Learned?

Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- List of boxes -- Notes on contributors -- Preface by Paul De Grauwe -- Note -- References -- Acknowledgments -- List of abbreviations -- 1 After the bailout: 10 years of the euro area crisis -- Introduction -- Analytical framework -- Summary of chapters -- References -- Part I The European dimension of the crisis -- 2 The euro crisis: its unresolved roots and their reform implications -- Introduction -- Cracks in the euro foundation -- Efforts to cement the cracks -- Bailout mechanism -- Roles of the ECB -- Debt restructuring by sovereigns and banks -- Financial stability -- Fiscal policy and governance reforms -- Further steps to shore up the euro foundation -- Crisis resolution -- Crisis prevention/surveillance -- Conclusions -- Acknowledgments -- Note -- References -- 3 When numbers don't add up: bureaucratic culture and conflicts in EU-IMF programs -- Introduction -- Bureaucratic cultures -- Troika approaches to credit lending -- The European Commission as Europeanist -- The ECB as Monetary Guardian -- The IMF as Accountant -- Country studies -- Greece -- Ireland -- Portugal -- Cyprus -- Conclusion -- Acknowledgments -- References -- Part II Country studies -- 4 Greece after the bailouts: assessment of a qualified failure -- Introduction -- The tyranny of antecedent circumstances: from boom to crash -- From crash to bailout: the first and second financial assistance programs -- The 3rd financial assistance program and the political economy of bailouts -- A forced adjustment under the bailouts: the vicious cycle of contraction -- The mostly negative legacies of massive austerity and positiver eforms -- Toward a new growth model? -- Notes -- References -- 5 Ireland: back to a different normal -- Introduction.