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EU Fiscal Policy Coordination in Hard Times – Free Riders on the Storm - Oxford Scholarship Online
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EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Charlotte Rommerskirchen


What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the Union as plagued by an austerity regime and rampant moral hazard. Charlotte Rommerskirchen provides an alternative account of economic cooperation in Europe during the Great Recession and the European Debt Crisis. Drawing on Mancur Olson’s theory of collective action, EU Fiscal Policy Coordination in Hard Times combines evidence from statistical analysis and extensive interviews with key players. This book reaches an unexpected conclusion regarding the state of collective ... More

Keywords: Great Recession, European Union, financial crisis, bond markets, free riding, fiscal policy coordination, Eurozone, economic imbalances, fiscal space, austerity

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780198829010
Published to Oxford Scholarship Online: March 2019 DOI:10.1093/oso/9780198829010.001.0001


Affiliations are at time of print publication.

Charlotte Rommerskirchen, author
Lecturer in International Political Economy, University of Edinburgh