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The Resource The curious prevalence of austerity : economic ideas in public debates on the Eurozone crisis in Ireland and Finland, 2008-2012, Sanna Salo

The curious prevalence of austerity : economic ideas in public debates on the Eurozone crisis in Ireland and Finland, 2008-2012, Sanna Salo

Creator
Contributor
Summary
This thesis explores why, and in what political process, austerity became the uniformly accepted policy response of Eurozone governments in the economic crisis of 2008–2012. It traces the path to austerity in two distinct Eurozone Member States, Ireland and Finland. Ireland, in this crisis, became a debtor country that had to do heavy domestic adjustment; Finland, by contrast, ended up in the group of Eurozone creditor countries, imposing structural adjustment programmes on the debtor countries. The analysis of the thesis emphasizes political agency behind ideas and shows the political process where perceptions about the economic crisis were formed. It argues that two types of politicization of the crisis were necessary for the outcome of interest, the prevalence of austerity, to happen. The Irish case demonstrates a two-stage process of politicization and internalization of the crisis, where the significant policy decisions were reached in a transnational, fairly echnocratic policy process but were debated and internalized in domestic, redistributive and politicized process. The transnational stage was characterized by economic and practical reasoning, whereas the domestic stage represented a conflict about distributive justice. For Finland, the 2008-9 financial crisis was not domestically politicized at all. This only changed in 2010–12, when the crisis became re-interpreted as a sovereign debt crisis of the GIIPS countries. Yet the politicization in Finland did not come about as a typical domestic redistributive debate, but as a new type of supranational conflict over distributive justice. Such conflict was not primarily framed in terms of just burden-sharing, but in terms of national and European interest. It was simultaneously a debate on borders and boundaries - polity and identity - as it was about distributive justice. Alongside rhetoric, the official line of Finnish EU policy became tougher and Finland became perceived as an increasingly difficult and selfish member of the EU community
Language
eng
Work
Publication
Extent
xiv, 260 pages
Note
Examining Board: Professor Hanspeter Kriesi, EUI (EUI Supervisor); Professor Pepper D. Culpepper, formerly EUI/University of Oxford (Co-Supervisor); Professor Mark Blyth, Brown University; Professor Niamh Hardiman, University College Dublin
Link
http://hdl.handle.net/1814/45946
Instance
Label
The curious prevalence of austerity : economic ideas in public debates on the Eurozone crisis in Ireland and Finland, 2008-2012
Title
The curious prevalence of austerity
Title remainder
economic ideas in public debates on the Eurozone crisis in Ireland and Finland, 2008-2012
Statement of responsibility
Sanna Salo
Creator
Contributor
Subject
Language
eng
Summary
This thesis explores why, and in what political process, austerity became the uniformly accepted policy response of Eurozone governments in the economic crisis of 2008–2012. It traces the path to austerity in two distinct Eurozone Member States, Ireland and Finland. Ireland, in this crisis, became a debtor country that had to do heavy domestic adjustment; Finland, by contrast, ended up in the group of Eurozone creditor countries, imposing structural adjustment programmes on the debtor countries. The analysis of the thesis emphasizes political agency behind ideas and shows the political process where perceptions about the economic crisis were formed. It argues that two types of politicization of the crisis were necessary for the outcome of interest, the prevalence of austerity, to happen. The Irish case demonstrates a two-stage process of politicization and internalization of the crisis, where the significant policy decisions were reached in a transnational, fairly echnocratic policy process but were debated and internalized in domestic, redistributive and politicized process. The transnational stage was characterized by economic and practical reasoning, whereas the domestic stage represented a conflict about distributive justice. For Finland, the 2008-9 financial crisis was not domestically politicized at all. This only changed in 2010–12, when the crisis became re-interpreted as a sovereign debt crisis of the GIIPS countries. Yet the politicization in Finland did not come about as a typical domestic redistributive debate, but as a new type of supranational conflict over distributive justice. Such conflict was not primarily framed in terms of just burden-sharing, but in terms of national and European interest. It was simultaneously a debate on borders and boundaries - polity and identity - as it was about distributive justice. Alongside rhetoric, the official line of Finnish EU policy became tougher and Finland became perceived as an increasingly difficult and selfish member of the EU community
Member of
Cataloging source
FIE
http://library.link/vocab/creatorName
Salo, Sanna
Date time place
Defence date: 31 March 2017
Dewey number
332.494
Dissertation note
Thesis (Ph. D.)--European University Institute (SPS), 2017
Index
no index present
Literary form
non fiction
Nature of contents
theses
http://library.link/vocab/relatedWorkOrContributorName
European University Institute
Series statement
  • EUI PhD theses
  • EUI theses
http://library.link/vocab/subjectName
  • Financial crises
  • Debts, Public
  • Financial crises
  • Debts, Public
  • Eurozone
  • Financial crises
  • Ireland
  • Finland
  • European Union countries
Label
The curious prevalence of austerity : economic ideas in public debates on the Eurozone crisis in Ireland and Finland, 2008-2012, Sanna Salo
Link
http://hdl.handle.net/1814/45946
Instantiates
Publication
Note
Examining Board: Professor Hanspeter Kriesi, EUI (EUI Supervisor); Professor Pepper D. Culpepper, formerly EUI/University of Oxford (Co-Supervisor); Professor Mark Blyth, Brown University; Professor Niamh Hardiman, University College Dublin
Bibliography note
Includes bibliographical references (p. 247-257)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
FIE
Dimensions
30 cm.
Extent
xiv, 260 pages
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1088456700
Label
The curious prevalence of austerity : economic ideas in public debates on the Eurozone crisis in Ireland and Finland, 2008-2012, Sanna Salo
Link
http://hdl.handle.net/1814/45946
Publication
Note
Examining Board: Professor Hanspeter Kriesi, EUI (EUI Supervisor); Professor Pepper D. Culpepper, formerly EUI/University of Oxford (Co-Supervisor); Professor Mark Blyth, Brown University; Professor Niamh Hardiman, University College Dublin
Bibliography note
Includes bibliographical references (p. 247-257)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
FIE
Dimensions
30 cm.
Extent
xiv, 260 pages
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1088456700

Subject

Member of

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