Tag: Eurocrisis

Does Learning Follow Change? Surprising Lessons from the Eurocrisis

Jonathan Kamkhaji and Claudio Radaelli The Eurocrisis has brought about a number of substantial reforms in the realm of EU economic governance. In defiance of conventional thinking, it seems that these forms of policy change have preceded policy learning, write Jonathan Kamkhaji and Claudio Radaelli. They argue that, while the causal relationship between learning and …

Greece’s Fiscal Crisis: Some Distance Yet to Run

Dermot Hodson The risk of Grexit – Greek exit from the euro area – has diminished after a summer of dramatic political developments, writes Dermot Hodson, but it has not gone away. High debt levels, uncertainty over further debt relief and the outlook for growth and inflation, he argues, point to persistent contradictions over Greece’s …

The Ordoliberal Model and the Response to the Eurocrisis

María del Carmen Sandoval Velasco The crisis in the Eurozone has been met with a host of measures designed to enshrine a new fiscal order among the members of the single currency, writes María del Carmen Sandoval Velasco. She argues that Germany and other EU creditor countries have used these measures to embed values of …