Book contents
5 - The Eurozone Crisis
Published online by Cambridge University Press: 24 March 2017
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- The Politics of Crisis in Europe , pp. 160 - 218Publisher: Cambridge University PressPrint publication year: 2017
References
Aizenman, Joshua, Jinjarak, Yothin, Lee, Minsoo, and Park, Donghyun. 2012. “Developing Countries’ Financial Vulnerability to the Euro Crisis: An Event Study of Equity and Bond Markets.” NBER Working Paper Series, 18028.Google Scholar
Albuquerque, Rui and Vega, Claria. 2008. “Economic News and International Stock Market Co-movement,” Review of Finance 13: 401–465.CrossRefGoogle Scholar
Alonso, Sonia. 2013. “A Perfect Storm: Europe’s Growing North-South Divide.” Policy Network, September 12.Google Scholar
Alphandéry, Edmond. 2012. “The Euro Crisis,” Foundation Robert Schuman, Policy Paper 240: 1–13.Google Scholar
Andersen, Torben G., Bollerslev, Tim, Diebold, Francis X., and Vega, Claria. 2003. “Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange,” American Economic Review 93(1): 38–62.CrossRefGoogle Scholar
Atkins, Ralph and Peel, Quentin. 2010. “Financial Markets ‘Do Not Understand the Euro.’” Financial Times, December 5.Google Scholar
Attali, Jacques. 2011. “The Crisis Is in Brussels, Not Athens.” International Herald Tribune, June 19.Google Scholar
Ash, Timothy Garton. 2012. “The Crisis of Europe: How the Union Came Together and Why IT’s Falling Apart,” Foreign Affairs 91(5): 2.Google Scholar
Authers, John. 2011a. “Leadership Required to Stave Off Fresh Meltdown.” Financial Times, London, August 6.Google Scholar
Authers, John. 2011b. “Toxic Mix Puts Profits and Stocks into Limbo.” Financial Times, London, July 30.Google Scholar
Balzli, Beat. 2010. “How Goldman Sachs Helped Greece to Mask Its True Debt.” Der Spiegel, February 28.Google Scholar
Barber, Tony. 2010. “Strong Euro Hid Crisis, Says EU Chief.” Financial Times, London, June 4.Google Scholar
Beattie, Alan. 2011a. “Europe to Deliver at the End of the Day.” Financial Times, London, August 1.Google Scholar
Beattie, Alan. 2011b. “IMF Clash with Eurozone Authorities.” Financial Times, London, September 1.Google Scholar
Beattie, Alan. 2011c. “Lagarde Pleads for European Unity over Greek Rescue Plan.” Financial Times, London, August 1.Google Scholar
Beetsma, Roel, Giuliodori, Massimo, de Jong, Frank, and Widijanto, Daniel. 2013. “Spread the News: The Impact of News on the European Sovereign Bond Markets during the Crisis,” Journal of International Money and Finance 34: 83–101.CrossRefGoogle Scholar
Benhold, Katrin. 2011. “US and European Markets Rise on Optimism Over Greek Vote.” International Herald Tribune, June 29.Google Scholar
Bergsten, Fred C. 2012. “Congressional Testimony: The Outlook for the Euro Crisis and Implications for the United States.” Peterson Institute of International Economics, February 1.Google Scholar
Bonatti, Luigi and Fracasso, Andrea. 2013. “The German Model and the European Crisis,” Journal of Common Market Studies 51(6): 1023–1039.CrossRefGoogle Scholar
Brittan, Samuel. 2011a. “The Euro Is Still Far from Out of Danger.” Financial Times, London, July 29.Google Scholar
Brittan, Samuel. 2011b. “Who Is Winning in the Race for Recovery.” Financial Times, London, May 13.Google Scholar
Brown, Gordon. 2011. “The Euro Zone’s Cure Starts with Germany.” International Herald Tribune, August 21.Google Scholar
Buti, Marco, Deroose, Servaas, Gaspar, Vitor, and Martins, João Nogueira. 2010. The Euro: The First Decade. Cambridge: Cambridge University Press.Google Scholar
Castle, Stephen. 2011a. “Europeans Agree to a New Bailout for Greece with Conditions.” International Herald Tribune, June 24.Google Scholar
Castle, Stephen. 2011b. “In Debt Crisis, EU and Markets Stuck in a Dialogue of the Deaf.” International Herald Tribune, June 11.Google Scholar
Central Intelligence Agency. 2015. The World Factbook. Washington, DC: Central Intelligence Agency. Continually updated; available at www.cia.gov/library/publications/the-world-factbook.Google Scholar
Chaffin, Joshua. 2011. “Athens Faces Turmoil If It Decides to Abandon the Euro.” Financial Times, London, July 18.Google Scholar
Chicago Society Conference. 2012. “Post-crisis: Perspectives on the Sovereign Debt Question.” International House at the University of Chicago, May 12.Google Scholar
Cienski, Jan. 2011. “Poland Pledges Commitment to Euro.” Financial Times, London, November 5.Google Scholar
Cowell, Alan. 2011. “Scrutiny of German Leader Builds as Debt Crisis Rattles Europe.” International Herald Tribune, June 19.Google Scholar
Davies, Nigel and Sage, Alexander. 2011. “Spain, France Borrowing Costs Raise Contagion Alarm.” France 24, November 17.Google Scholar
De Grauwe, Paul and Ji, Yuemei. 2013. “Self-Fulfilling Crises in the Eurozone: An Empirical Test,” Journal of International Money and Finance 34: 15–36.CrossRefGoogle Scholar
De Santis, Roberto A. 2012. “The Euro Area Sovereign Debt Crisis: Safe Haven, Credit Rating Agencies and the Spread of the Fever from Greece, Ireland and Portugal.” Working Paper 1419, European Central Bank, Frankfurt, Germany.CrossRefGoogle Scholar
De Wilde, Pieter and Trenz, Hans-Jörg. 2012. “Denouncing European Integration: Euroscepticism as Political Contestation,” European Journal of Social Theory 15(4): 537–554.CrossRefGoogle Scholar
Delors, Jacques. 2012. “Consolidating the EMU, A Vital Task.” Speech, Jacques Delors Institute, Paris, December 7.Google Scholar
Dempsey, Judy. 2011. “Merkel’s Blunt Talk Offends Debtor Nations.” International Herald Tribune, September 6.Google Scholar
Dinan, Desmond. 2013. Ever Closer Union: An Introduction to European Integration. Boulder, CO: Lynne Rienner Publishers.Google Scholar
Dinmore, Guy and Sanderson, Rachel. 2011. “Berlusconi Insists Italy Will Survive.” Financial Times, London, August 4.Google Scholar
Donadio, Rachel. 2011. “Greek Turmoil Raises Fears of Instability around Europe.” International Herald Tribune, June 16.Google Scholar
Erlanger, Steven. 2011a. “Europe Nears Agreement on Bailout Fund That May Be Inadequate.” International Herald Tribune, September 27.Google Scholar
Erlanger, Steven. 2011b. “Greek Leader Irked by Speculation on Debt.” International Herald Tribune, May 7.Google Scholar
Ewing, Jack. 2011. “S.&P. Cuts Rating on Greek Debt, Shaking Confidence.” International Herald Tribune, May 9.Google Scholar
Ewing, Jack, and Dempsey, Judy. 2011. “Europe’s Economic Powerhouse Drift East.” International Herald Tribune, July 18.Google Scholar
Ewing, Jack and Alderman, Liz. 2011. “Some in Germany Want Greece to Temporarily Exit the Euro Zone.” International Herald Tribune, August 10.Google Scholar
Financial Times. 2011. “Artful Promises: Constitutional Amendments Will Not Save the Eurozone,” London. August 25.Google Scholar
Financial Times. 2011. “Cruel Summer.” August 4.Google Scholar
Financial Times. 2011. “Democracy’s Slow Cure for the Euro: Northern Europeans Treat Economics as a Morality Play.” Editorial, London, September 17.Google Scholar
Financial Times. 2011. “Fiddling in Rome: Italy Needs Economic Reform but Berlusconi Cannot Deliver,” London. September 22.Google Scholar
Financial Times. 2011. “In Defense of Democratic Politics: New Political Class Must Arise from Technocratic Interlude,” London. November 26.Google Scholar
Financial Times. 2011. “Remember the Assets.” November 11.Google Scholar
Financial Times. 2011. “Saving the Euro, Saving Europe: A Comprehensive Plan Is Needed to End the Debt Emergency,” London. July 19.Google Scholar
Financial Times. 2011. “Second Thoughts on the Euro Rescue: Eurozone’s Latest Strategy Fails to Dispel Market Doubts,” London. July 29.Google Scholar
Financial Times. 2011. “The Euro.” July 25.Google Scholar
Financial Times. 2011. “The World Needs a Cannes-do Summit: The Global Economy Is in Peril,” London. November 3.Google Scholar
Financial Times. 2011. “UniCredit Advances Despite Volatility,” London. August 4.Google Scholar
Fossum, John E. 2014. “Democracy and Differentiation in Europe.” Workshop at 5th International Conference on Democracy as Idea and Practice, Oslo, January 8.Google Scholar
Giles, Chis. 2011. “Alternative Scenarios All Point to World of Political Uncertainty.” Financial Times, London, June 23.Google Scholar
Guiso, Luigi, Jappelli, Tullio, Padula, Mario, and Pagano, Marco. 2004. “Financial Market Integration and Economic Growth in the EU,” Economic Policy 19(40): 523–577.CrossRefGoogle Scholar
Hall, Ben and Peel, Quentin. 2010. “Europe: Adrift Amid the Rift.” Financial Times, London, June 23.Google Scholar
Henkel, Hans-Olaf. 2011. “The Euro-Zone North Needs the South.” International Herald Tribune, November 11.Google Scholar
Hooghe, Liesbet and Marks, Gary. 2005. “Calculation, Community and Cues: Public Opinion on European Integration,” European Union Politics 6(4): 419–443.CrossRefGoogle Scholar
Inman, Phillip. 2012. “Primary Greek Tax Evaders Are the Professional Classes.” The Guardian, September 9.Google Scholar
International Herald Tribune. 2011. “Germany’s Denial, Europe’s Disaster.” Editorial, November 29.Google Scholar
James, Harold. 2012. Making the European Monetary Union. Cambridge, MA: Harvard University Press.Google Scholar
Kirkegaard, Jacob F. 2011. “Congressional Testimony: The Euro Crisis: Origins, Current Status, and European and US Responses.” Peterson Institute of International Economics, October 27.Google Scholar
König, Jörg and Ohr, Renate. 2013. “Different Efforts in European Economic Integration: Implications of the EU Index,” Journal of Common Market Studies 51(6): 1074–1090.CrossRefGoogle Scholar
Kouvelakis, Stathis. 2012. “Introduction: The End of Europeanism.” In Crisis in the Eurozone, edited by Lapavitsas, Costas, et al. London and New York: Verso.Google Scholar
Krugman, Paul. 1998. “The Confidence Game: How Washington Worsened Asia’s Crash.” New Republic Online, October 5.Google Scholar
Mahony, Honor. 2012. “National Stereotyping – The Eurozone’s Other Story.” EUobserver, February 22.Google Scholar
Manchin, Anna. 2012a. “Many Europeans Believe They Can Get Ahead with Hard Work.” Gallup, March 14.Google Scholar
Manchin, Anna. 2012b. “Opinion Briefing: Confidence Deficit in the EU.” US Foreign Policy Opinion Briefings, February 2.Google Scholar
Marsh, David. 2012. The Euro: The Battle for the New Global Currency. New Haven, CT: Yale University Press.Google Scholar
Mayer, Thomas. 2012. Europe’s Unfinished Currency the Political Economics of the Euro. New York: Anthem Press.Google Scholar
McHugh, David. 2012. “Draghi: ECB to Do ‘Whatever It Takes’ to Save Euro.” Bloomberg Business, July 26.Google Scholar
McNamara, Kathleen R. 1998. The Currency of Ideas: Monetary Politics in the European Union. Ithaca, NY: Cornell University Press.Google Scholar
Miliband, David. 2011. “Don’t Leave Europe to the Skeptics and Federalists.” Financial Times, London, November 15.Google Scholar
Milne, Richard. 2011. “Big Two Vie to Spot Risks: Agency Rivalry.” Financial Times, London, September 21.Google Scholar
Mink, Mark, and de Haan, Jakob. 2012. “Contagion during the Greek Sovereign Debt Crisis.” DNB Working Paper 335.CrossRefGoogle Scholar
Mourlon-Druol, Emmanuel. 2012. A Europe Made of Money: The Emergence of the European Monetary System. Ithaca, NY: Cornell University Press.CrossRefGoogle Scholar
Münchau, Wolfgang. 2011a. “Don’t Blame Moody’s for a Messy Euro Crisis.” Financial Times, London, July 10.Google Scholar
Münchau, Wolfgang. 2011b. “The Eurozone Really Has Only Days to Avoid Collapse.” Financial Times, London, November 28.Google Scholar
Nanou, Kyriaki and Vernet, Susannah. 2013. “The Eurozone Crisis Has Increased Soft Euroscepticism in Greece, Where Greeks Wish to Remain in the Euro, but No Longer Trust the EU.” LSE European Politics and Policy (EUROPP), Blog, available at http://blogs.lse.ac.uk/europpblog/2013/03/02/greece-euroscepticism.Google Scholar
Parker, George. 2011. “Johnson Attacks Osborne on Crisis.” Financial Times, London, October 19.Google Scholar
Parsson, Mats. 2011. “UK Would Need Larger Share of Eurobond Issuance.” Financial Times, London, August 29.Google Scholar
Paulo, Sebastian. “Europe and the Global Financial Crisis: Taking Stock of the EU’s Policy Response.” Foundation Robert Schuman, April 2011: 17.Google Scholar
Peel, Quentin. 2011. “Germans Confident of Euro’s Survival.” Financial Times, London, November 12.Google Scholar
Peel, Quentin. 2012. “Merkel Injects Note of Caution to Collective Sigh of Relief.” Financial Times, London, March 4.Google Scholar
Peel, Quentin and Wiesmann, Gerrit. 2011 “Crisis Provides Opportunity for ‘Fiscal Union.’” Financial Times, London, October 30.Google Scholar
Pfanner, Eric. 2011. “Source Sought for False Story on French Bank.” International Herald Tribune, August 14.Google Scholar
Pisani-Ferry, Jean. 2012. “The Euro Crisis and the New Impossible Trinity,” Bruegel Policy Contribution 1: 4–5.Google Scholar
Plender, John. 2011. “Time for Eurozone Policymakers to Grasp the Nettle.” Financial Times, London, July 13.Google Scholar
Rachman, Gideon. 2012. “Germany Faces a Machine from Hell.” Financial Times, London, February 13.Google Scholar
Rana, Pradumna B. 2012. “Misdiagnosing the Eurozone Crisis: Perspectives from Asia.” VoxEU, September 22.Google Scholar
Rettman, Andrew. 2011. “EU Institutions Hit Back at Markets, Rating Agencies.” EUobserver, October 20.Google Scholar
Risse, Thomas, Engelmann-Martin, Daniela, Knope, Hans-Joachim, and Roscher, Klaus. 1999. “To Euro or Not to Euro? The EMU and Identity Politics in the European Union,” European Journal of International Relations 5(2): 147–187.CrossRefGoogle Scholar
Risse, Thomas. 2003. “The Euro between National and European Identity,” Journal of European Public Policy 10(4): 487–503.CrossRefGoogle Scholar
Risse, Thomas, Engelmann-Martin, Daniela, Knope, Hans-Joachim, and Roscher, Klaus. 2008. “To Euro or Not to Euro? The EMU and Identity Politics in the European Union,” European Journal of International Relations 5(2): 147–187.CrossRefGoogle Scholar
Rogoff, Kenneth. 2011. “The Euro’s PIG-Headed Masters.” Economics Business & Finance World Affairs, June 3.Google Scholar
Ross, Alice. 2011. “Forex Traders Look beyond the Euro.” Financial Times, London, November 21.Google Scholar
Sales, Emmanuel. 2011. “The Euro’s Stability: The Need for True Reform of Financial Activities.” Foundation Robert Schuman, July 2011.Google Scholar
Saltmarsh, Matthew. 2011. “European Stocks Skid Amid Lack of Action.” International Herald Tribune, August 4.Google Scholar
Serricchio, Fabio, Tsakatika, Myrto, and Quaglia, Lucia. 2013. “Euroscepticism and the Global Financial Crisis,” Journal of Common Market Studies 51(1): 51–64.CrossRefGoogle Scholar
Shirky, Clay. 2011. “Business Wary of Foreign Help: Political Cost.” Financial Times, London, October 28.Google Scholar
Silver, Nate. 2012. The Signal and the Noise: The Art and Science of Prediction. London: Penguin.Google Scholar
Soros, George. 2012. Financial Turmoil in Europe and the United States. New York: Public Affairs.Google Scholar
Spiegel, Peter. 2011a. “An Elusive Debt Resolution.” Financial Times, London, July 20.Google Scholar
Spiegel, Peter. 2011b. “China Presses Eurozone Leaders.” Financial Times, London, October 22.Google Scholar
Spiegel, Peter. 2011c. “The Shaky Basis of the Greek Rescue.” Financial Times, London, July 27.Google Scholar
Spiegel, Peter and Dinmore, Guy. 2011a. “Berlusconi Brushes Off Debt Crisis.” Financial Times, London, November 5.Google Scholar
Spiegel, Peter and Dinmore, Guy. 2011b. “Merkel Warned on Bail-Out Impasse.” Financial Times, London, July 15.Google Scholar
Standard Eurobarometer 69. 2008. “Public Opinion in the European Union – Annexes.” Fieldwork March–April 2008. Published December 2008.Google Scholar
Standard Eurobarometer 70. 2010. “Public Opinion in the European Union.” Fieldwork October–November 2008. Published June 2010.Google Scholar
Standard Eurobarometer 70.3. 2010. “The European Union Today and Tomorrow.” Fieldwork October–November 2008. Published June 2010.Google Scholar
Standard Eurobarometer 80. 2013. “Public Opinion in the European Union – Annexes.” Fieldwork November 2013.Google Scholar
Standard Eurobarometer 83. 2005. “Public Opinion in the European Union – First Results.” Fieldwork May 2005. Published July 2015.Google Scholar
Stiglitz, Joseph. 2003. “Democratizing the International Monetary Fund and the World Bank: Governance and Accountability,” Governance 16(1): 111–139.CrossRefGoogle Scholar
Summers, Lawernce. 2011. “The World Must Demand that Europe Act to Rescue Its Currency.” Financial Times, London, September 19.Google Scholar
Thomas, Landon Jr. 2011a. “In Europe, Rifts Widen Over Greece.” International Herald Tribune, May 23.Google Scholar
Thomas, Landon Jr. 2011b. “Weak Economic Data Belies British Optimism.” International Herald Tribune, June 16.Google Scholar
Torreblanca, Jose I. and Leonard, Mark. 2013. “The Continent-wide Rise of Euroskepticism,” European Council on Foreign Relations 79: 1–6.Google Scholar
Tzogopoulos, George. 2013. The Greek Crisis in the Media: Stereotyping in the International Press. Burlington, VT: Ashgate.Google Scholar
Van Gent, Wouter P.C., Mamadouh, Virginie D., and van der Wusten, Herman H.. 2012. “Political Reactions to the Euro Crisis: Cross-national Variations and Rescaling Issues in Elections and Popular Protests,” Eurasian Geography and Economics 54(2): 135–161.CrossRefGoogle Scholar
Van Overtveldt, Johan. 2011. The End of the Euro: The Uneasy Future of the European Union. Chicago: Agate Publishing.Google Scholar
Vilpisauskas, Ramunas. 2013. “Eurozone Crisis and European Integration: Functional Spillover, Political Spillback,” Journal of European Integration 35(3): 361–373.CrossRefGoogle Scholar
Vössing, Konstantin. 2005. “Nationality and the Preferences of the European Public toward EU Policy-Making.” European Union Politics 6(4): 445–467.CrossRefGoogle Scholar