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portada Trust and Crisis Management in the European Union: An Institutionalist Account of Success and Failure in Program Countries
Type
Physical Book
Author
Publisher
Language
English
Pages
244
Format
Paperback
Dimensions
21.0 x 14.8 x 1.4 cm
Weight
0.31 kg.
ISBN13
9783319887333
Categories

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

Dóra Győrffy (Author) · Palgrave MacMillan · Paperback

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

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Synopsis "Trust and Crisis Management in the European Union: An Institutionalist Account of Success and Failure in Program Countries"

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.

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