Skip to main content

Abstract

Economic and financial crises have, in various times and places, generated major political change and spurred policy adjustments that have altered long-term trajectories. Unanticipated crises with an important exogenous or global element, such as those of 1998 and 2008–09, produce some special dynamics which introduce into the existing domestic context an external influence that the system may have few resources to cope with. Such events can sometimes pose challenges to the domestic balance of power that would not have otherwise emerged.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  • Arghyrou, M.G. and Tsoukalas, J.D. (2011) ‘The Greek Debt Crisis: Likely Causes, Mechanisms and Outcomes’, The World Economy 34(2), 173–91.

    Article  Google Scholar 

  • Aslund, A. (2008, 24 October) ‘Russia’s Top Economist Needs to Face Reality’, The St. Petersburg Times, Issue 1419, http://www.sptimes.ru/index.php?action_ id=2&story_id=27448, accessed on 22 November 2012.

    Google Scholar 

  • Barroso, J.M. (2011) Speech by President Barroso to the European Parliament during the Debate on the Economic Crises and the Euro, Strasbourg, 14 September, Press Release Rapid http://europa.eu/rapid/pressReleasesAction. do?reference=SPEECH/11/572, accessed on 9 April 2012.

    Google Scholar 

  • Bickerton, C. (2011) ‘Crisis in the Eurozone: Transnational Governance and National Power in European Integration’ (Editorial), Political Geography November 30(8), 415–16.

    Google Scholar 

  • Boffey, D. and Stewart, H. (2011, 13 November) ‘Barroso Tells Europe: We Must Advance Together or Face Decline’, The Guardian: The Observer, http://www.guardian.co.uk/business/2011/nov/ 13/barroso-warns-britain-europe-closerknit-union, accessed on 21 August 2012.

    Google Scholar 

  • Bohle, D. (2010) The Crisis of the Eurozone (EUI Working Papers, RSCAS 2010/77) (Florence: European University Institute, Robert Schumann Centre for Advanced Studies — European Union Democracy Observatory), http://cadmus.eui.eu/handle/1814/14674, accessed on 8 April 2012.

    Google Scholar 

  • Carmassi, J., Gross, D. and Micossi, S. (2009) ‘The Global Financial Crisis: Causes and Cures’, Journal of Common Market Studies 47(5), 977–96.

    Article  Google Scholar 

  • Central Bank of the Russian Federation (2011) ‘Exchange Rate Flexibility and Russia’s Monetary Policy Shift’, Bank for International Settlements Papers: Chapters, http://econpapers.repec.org/bookchap/bisbisbpc/57–21.htm, accessed on 27 June 2012.

    Google Scholar 

  • Crotty, J. (2009) ‘Structural Causes of the Global Financial Crisis: A Critical Assessment of the “New Financial Architecture”’, Cambridge Journal of Economics 33, 563–80.

    Article  Google Scholar 

  • Dabrowski, M. (2010) ‘The Global Financial Crisis: Lessons for European Integration’, Economic Systems 34, 38–54.

    Article  Google Scholar 

  • De Grauwe, P. (2010) Crisis in the Eurozone and How to Deal with It (CEPS Policy Brief 204) (February), http://papers.ssrn.com/sol3/papers.cfm?abstract_ id=1604453, accessed on 10 April 2012.

    Google Scholar 

  • Dornan, C. (2009) ‘Introduction: The Outcome in Retrospect’, in J.H. Pammett and C. Dornan (eds) The Canadian Federal Election of 2008 (Toronto: Dundurn), 7–15.

    Google Scholar 

  • Drazen, A. and Grilli, V. (1993), ‘The Benefit of Crises for Economic Reforms’, The American Economic Review 83(3), 598–607.

    Google Scholar 

  • European Commission (2008) Eurobarometer, Table of Results Standard Eurobarometer 70 Public Opinion in the European Union, Fieldwork Oct-Nov 2008, http://ec.europa.eu/public_opinion/archives/eb/eb70/eb70_full_annex. pdf, accessed on 8 April 2012.

    Google Scholar 

  • European Commission (2011a) Eurobarometer 76 Public Opinion in the European Union: First Results, November (Brussels: Directorate-General for Communication, December), http://ec.europa.eu/public_opinion/archives/eb/eb76/eb76_ first_en.pdf, accessed on 13 April 2012.

    Google Scholar 

  • European Commission (2011b) Eurobarometer, Table of Results Standard Eurobarometer 76 First Results Public Opinion in the European Union, Fieldwork November 2011, Publication December 2011, http://ec.europa.eu/public_opinion/archives/eb/eb76/eb76_anx_en.pdf, accessed on 8 April 2012.

    Google Scholar 

  • Fond Obshchestvennoe Mnenie (Fond) (2011) Dominanty, no. 15, 14 April, http://om.ru/pdf/dl5srell.pdf, accessed on 9 April 2012.

    Google Scholar 

  • Gourevitch, P. (1986) Politics in Hard Times: Comparative Responses to International Economic Crises (Ithaca and London: Cornell University Press).

    Google Scholar 

  • Helms, J. (2007, 15 May) ‘Ireland an EU Success Story’, BBC News, http://news.bbc.co.uk/2/hi/europe/6646629.stm, accessed on 10 April 2012.

    Google Scholar 

  • Johnston, R., Thorson, E. and Gooch, A. (2010) ‘The Economy and the Dynamics of the 2008 Presidential Campaign: Evidence from the National Annenberg Election Study’, Public Opinion & Parties 20(2), 271–89.

    Article  Google Scholar 

  • LeDuc, L. and Pammett, J.H. (2009) ‘The 2008 Election: Long-Term and Short-Term Assessments’, in J.H. Pammett and C. Dornan (eds) The Canadian Federal Election of 2008 (Toronto: Dundurn), 209–312.

    Google Scholar 

  • Myant, M. and Drahokoupil, J. (2011) Transition Economies: Political Economy in Russia, Eastern Europe, and Central Asia (Hoboken: John Wiley & Sons).

    Google Scholar 

  • Scharpf, F.W. (2011) ‘Monetary Union, Fiscal Crisis, and the Preemption of Democracy’ (LEQS Paper No. 37, May 2011, London School of Economics) http://papers.ssrn.com/so13/papers.cfm?abstract_id=1852316, accessed on 8 April 2012.

    Google Scholar 

  • Smith A. and Swain, A. (2010) ‘The Global Economic Crisis, Eastern Europe, and the Former Soviet Union: Models of Development and the Contradictions of Internationalization’, Eurasian Geography and Economics 51(1), 1–34.

    Article  Google Scholar 

  • Stein, J. (2011) ‘The Diversity of Debt Crises in Europe’, CATO Journal 31(2), 199–215, http://www.cato.org/pubs/journal/cj31n2/cj31n2–2.pdf, accessed on 10 April 2012.

    Google Scholar 

  • Treaty on Stability, Coordination, and Governance in the Economic and Monetary Union (TSCG) (2012) http://www.european-council.europa.eu/media/639235/st00tscg26_enl2.pdf, accessed on 8 April 2012.

  • VTsIOM (Russian Public Opinion Research Center) (2010) ‘Rossiia i evropa: sotrudnichestvo ili protivostoianie?’ Press release 1550, 2 February, http://wciom.ru/index.php?id=459&uid=13711, accessed on 21 August 2012.

    Google Scholar 

  • Waterfield, B. (2011, 1 November) ‘Eurozone Collapse “Will Send Continent into Depression”’, The Telegraph, http://www.telegraph.co.uk/finance/financialcrisis/8882812/Eurozone-collapse-will-send-continent-intodepression.html, accessed on 8 April 2012.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 2013 Joan DeBardeleben and Crina Viju

About this chapter

Cite this chapter

DeBardeleben, J., Viju, C. (2013). Introduction. In: DeBardeleben, J., Viju, C. (eds) Economic Crisis in Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9781137005236_1

Download citation

Publish with us

Policies and ethics