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After the CrisisReform, Recovery, and Growth in Europe$
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Francesco Caselli, Mário Centeno, and José Tavares

Print publication date: 2016

Print ISBN-13: 9780198754688

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198754688.001.0001

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Structural Reform and European Integration After the Crisis

(p.1) Introduction
After the Crisis

Francesco Caselli

Mário Centeno

José Tavares

Oxford University Press

Before the crisis European countries were engaged in structural reforms to boost long-run growth, and institutional changes to deepen European integration. Will the crisis cause an acceleration of these processes, or will it complicate them? In the short term, some of the hardest hit countries in the periphery were forced to adopt several new structural reforms; however, these reforms were often largely perceived as externally imposed. Furthermore, they were often presented to the public as remedies against the cyclical downturn. The lack of domestic ownership, the misrepresentation of the benefits of reform, and the association with policies that deepened the crisis may erode public support for further reform. In addition, the crisis is perceived by many as having being exacerbated by EMU and EU membership. This may have eroded support for further European integration, and may imply that structural reform and European integration are no longer complementary.

Keywords:   European integration, cyclical downturn, structural reform, crisis, E.U. membership, EMU

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