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Eurozone Crisis Management and the Growth of Opposition to European Integration

In: Financial Crisis Management and Democracy

Author

Listed:
  • Susannah Verney

    (National and Kapodistrian University of Athens)

  • Dimitris Katsikas

    (National and Kapodistrian University of Athens and Hellenic Foundation for European and Foreign Policy (ELIAMEP))

Abstract

The crisis that started in Greece in 2010 gradually spread to other Eurozone member states. Things were worse for the crisis-hit countries of the Eurozone periphery, some of which implemented harsh adjustment programmes in the context of financial assistance agreements, while others adopted similar policies even though they had not officially entered a bailout agreement (e.g. Spain and to a lesser degree Italy). In this environment of deteriorating material conditions, Euroscepticism reached new heights. This chapter examines the impact of the crisis, and the way it was handled, on regionalism in Europe, through its effects on Euroscepticism. The authors compare Eurobarometer data from European Union (EU) member states, in order to develop a comparative outlook on attitudes towards European integration during the crisis. The analysis employs data at discreet time intervals, in order to capture the evolution of attitudes from the pre-crisis environment in 2008, to the peak of the crisis in 2012, its gradual resolution in 2016 and its official ending (with the exit of Greece from its third bailout programme) in 2018. This analysis is complemented by an overview of the political developments in crisis-hit countries with the objective of documenting and analysing the emergence and, in some cases, dominance of Eurosceptic parties. The objective is to present a comprehensive overview of political developments and the public attitudes that shaped them, vis a vis the EU, during the crisis and offer a tentative conclusion on their impact on the European integration process.

Suggested Citation

  • Susannah Verney & Dimitris Katsikas, 2021. "Eurozone Crisis Management and the Growth of Opposition to European Integration," Springer Books, in: Bettina De Souza Guilherme & Christian Ghymers & Stephany Griffith-Jones & Andrea Ribeiro Hoffmann (ed.), Financial Crisis Management and Democracy, edition 1, chapter 0, pages 251-264, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-54895-7_16
    DOI: 10.1007/978-3-030-54895-7_16
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    Cited by:

    1. Mavrozacharakis, Emmanouil, 2022. "The crisis of the social democratic movement," MPRA Paper 115146, University Library of Munich, Germany.
    2. Lindner, Vincent & Eckert, Sandra & Nölke, Andreas, 2022. "Political science research on the reasons for the (non) adoption and (non) implementation of EMU reform proposals: The state of the art," SAFE Working Paper Series 339, Leibniz Institute for Financial Research SAFE.

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