ThisisanopenaccesstitleavailableunderthetermsofaCCBY-NC-ND4.0Internationallicence.ItisfreetoreadatOxfordAcademicandofferedasafreePDFdownloadfromOUPandselectedopenaccesslocations.WhywastheEurozonecrisissodifficulttoresolve?Whywasitresolvedinamannerinwhichsomecountriesboreamuchlargershareofthepainthanothercountries?WhydidnocountryleavetheEurozoneratherthanimplementunprecedentedausterity?Whosupportedandopposedthedifferentpolicyoptionsinthecrisisdomestically,andhowdidthedistributivestrugglesamongthesegroupsshapecrisispolitics?Buildingonmacro-levelstatisticaldata,originalsurveydatafrominterestgroups,andqualitativecomparativecasestudies,thisbookarguesandshowsthattheanswerstothesequestionsrevolvearounddistributivestrugglesabouthowthecostsoftheEurozonecrisisshouldbedividedamongcountries,andwithincountries,amongdifferentsocioeconomicgroups.Togetherwithdivergentbutstronglyheldideasaboutthe’rightway’toconducteconomicpolicyandasymmetriesinthedistributionofpoweramongactors,severedistributiveconcernsofimportantactorslieattherootofthedifficultiesofresolvingtheEurozonecrisisaswellasthedifficultiestosubstantiallyreformEMU.ThebookprovidesnewinsightsintothepoliticsoftheEurozonecrisisbyemphasizingthreeperspectivesthathavereceivedscantattentioninexistingresearch:acomparativeperspectiveontheEurozonecrisisbysystematicallycomparingittopreviousfinancialcrises,ananalysisofthewholerangeofpolicyoptions,includingtheonesnotchosen,andaunifiedframeworkthatexaminescrisispoliticsnotjustindeficit-debtor,butalsoinsurplus-creditorcountries.
