Trust and Crisis Management in the European Union
Dóra Györffy
Broschiertes Buch

Trust and Crisis Management in the European Union

An Institutionalist Account of Success and Failure in Program Countries

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This book addresses and explains the divergent economic and political outcomes of the financial crisis in the eight European Union member states which needed a bailout program: Cyprus, Greece, Hungary, Ireland, Latvia, Portugal, Romania and Spain. Looking at crisis management as a series of relationships where cooperation is essential, this book focuses on the essential role of trust during the process. It argues that the presence or absence of trust during the negotiation and implementation of the bailout program leads to self-reinforcing cycles of success and failure. The analysis of these e...