Euro-Austerity and Welfare States: Comparative Political Economy of Reform during the Maastricht Decade

By H. Tolga Bolukbasi

© 2021

Euro-Austerity and Welfare States analyses the political economy of welfare state reform in the first episode of Euro-austerity during the 1990s. It shows how Europe’s welfare states survived unrelenting pressures stemming from the Economic and Monetary Union (EMU) laid out in the Maastricht Treaty of 1992. Throughout, H. Tolga Bolukbasi draws lessons for scholars and policy practitioners, and his insightful analysis sheds important light on the second wave of Euro-austerity that set in following the Great Recession of 2008.

Paying careful attention to government expenditures and budgetary politics, Bolukbasi analyses the political economy of reform in countries where the EMU’s impact was expected to be greatest. Based on in-depth comparative case studies of Belgium, Greece, and Italy, he shows how scholars, policymakers, and citizens alike expected Euro-austerity to erode Europe’s welfare states. Contrary to popular opinion, Bolukbasi finds that the reality was much more complicated. A thorough critique of the "Euro-austerity hypothesis," this book presents a rigorous comparative study of the resilience of the welfare state in various national contexts.

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Product Details

  • Series: European Union Studies
  • World Rights
  • Page Count: 304 pages
  • Dimensions: 6.0in x 1.0in x 9.0in
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SKU# SP006477

  • AVAILABLE FEB 2021

    From: $52.50

    Regular Price: $70.00

    ISBN 9781487507763
  • AVAILABLE MAR 2021

    From: $52.50

    Regular Price: $70.00

Quick Overview

Weighing in on the euro-austerity debate, this book uses case studies from three countries to evaluate the distinctive politics of fiscal policy and welfare state reform during a key period in Europe.

Euro-Austerity and Welfare States: Comparative Political Economy of Reform during the Maastricht Decade

By H. Tolga Bolukbasi

© 2021

Euro-Austerity and Welfare States analyses the political economy of welfare state reform in the first episode of Euro-austerity during the 1990s. It shows how Europe’s welfare states survived unrelenting pressures stemming from the Economic and Monetary Union (EMU) laid out in the Maastricht Treaty of 1992. Throughout, H. Tolga Bolukbasi draws lessons for scholars and policy practitioners, and his insightful analysis sheds important light on the second wave of Euro-austerity that set in following the Great Recession of 2008.

Paying careful attention to government expenditures and budgetary politics, Bolukbasi analyses the political economy of reform in countries where the EMU’s impact was expected to be greatest. Based on in-depth comparative case studies of Belgium, Greece, and Italy, he shows how scholars, policymakers, and citizens alike expected Euro-austerity to erode Europe’s welfare states. Contrary to popular opinion, Bolukbasi finds that the reality was much more complicated. A thorough critique of the "Euro-austerity hypothesis," this book presents a rigorous comparative study of the resilience of the welfare state in various national contexts.

Continue Reading Read Less

Product Details

  • Series: European Union Studies
  • World Rights
  • Page Count: 304 pages
  • Dimensions: 6.0in x 1.0in x 9.0in
  • Author Information

    H. Tolga Bolukbasi is an assistant professor of Political Science and Public Administration at Bilkent University, Turkey.
  • Table of contents

    Preface
    List of Tables and Figures
    1. Euro-Austerity and Europe’s Welfare States
    2. Institutionalization of Euro-Austerity
    3. Euro-Austerity to Welfare State Retrenchment?
    4. Euro-Austerity and Political Economy of Reform in Belgium
    5. Euro-Austerity and Political Economy of Reform in Greece
    6. Euro-Austerity and Political Economy of Reform in Italy
    7. Euro-Austerity and Comparative Political Economy of Reform
    8. On Euro-Austerity – Episode II
    References

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