Germany’s Role in the Euro Crisis

Germany’s Role in the Euro Crisis

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This book analyses Germanya€™s role in the euro crisis. Based on the perception of Berlin as the emerging capital of the European Union, the author investigates three interrelated issues: Did the German policy approach of imposing austerity programs on countries in the middle of a deep recession contribute to the successful management of the euro crisis? Does Germany extend its sway over its European partners by forcing them to surrender to the German diktat of fiscal Disziplin and economic efficiency? Is the stubborn insistence on rigid fiscal adjustment another ominous sign of the Berlin Republic moving away from the countrya€™s traditional European vocation toward an imperial leadership role? The booka€™s main argument is that Germanya€™s role in and responses to the euro crisis can best be explained by different concepts of self, historical memory, and institutional practices.aggravate the debt problems of the weak euro area member countries.61 The causal relationship between fiscal tightening, sluggish ... From 2020, the states will not be permitted to run any structural deficit at all.63 A debt brake enshrined in the constitutions of euro area ... to drive economic growtha€”exports expanded by almost 60 % from 2000 (a‚n 597.4 billion) to 2010 (a‚n 951.9 billion); their share to German ... 35a€“40, 30 3 Teetering at the Edge of the Precipice: Merkela#39;s Politics of Small...

Title:Germany’s Role in the Euro Crisis
Author: Franz-Josef Meiers
Publisher:Springer - 2015-08-28

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