ECB-Eurogroup Conflicts and Financial Stability in the Eurozone
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ECB-Eurogroup Conflicts and Financial Stability in the Eurozone
Credit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 1 : pp. 113–126
4 Citations (CrossRef)
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Dr. Shawn Donnelly, Department of Public Administration, University of Twente, Driernerlolaan 5, 7522 NB Enschede, Niederlande
Cited By
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Failing outward: power politics, regime complexity, and failing forward under deadlock
Donnelly, Shawn
Journal of European Public Policy, Vol. 28 (2021), Iss. 10 P.1573
https://doi.org/10.1080/13501763.2021.1954062 [Citations: 11] -
Bank supervision between risk reduction and economic renewal
Donnelly, Shawn
Journal of European Integration, Vol. 45 (2023), Iss. 1 P.59
https://doi.org/10.1080/07036337.2023.2183391 [Citations: 1] -
The Political Role of the European Central Bank: Between European Politics and National Constraints
Heidebrecht,, Sebastian | Kaeding, MichaelCredit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 1 P.1
https://doi.org/10.3790/ccm.51.1.1 [Citations: 2] -
German Politics and Intergovernmental Negotiations on the Eurozone Budget
Donnelly, Shawn
Politics and Governance, Vol. 9 (2021), Iss. 2 P.230
https://doi.org/10.17645/pag.v9i2.3928 [Citations: 4]
Abstract
This paper examines the impact of conflicting ECB and Eurogroup narratives over the nature of the Eurozone crisis and the proper strategy for exiting it. While the Eurogroup prefers a simple austerity-focused policy to ensure distributional outcomes benefiting Northern Europe, the ECB advocates a carefully sequenced combination of growth-enhancing, budget balancing and structural adjustment policies. The confrontation over ECB measures to stabilise the Eurozone through monetary policy is partially and temporary relieved by Commission leniency, and partly through informal German accommodation. A formal adjustment of Eurogroup policy is unlikely, however.
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Shawn Donnelly: ECB-Eurogroup Conflicts and Financial Stability in the Eurozone | 1 |