Conclusion: the political economy of adjustment

Michele Chang, Federico Steinberg, Francisco Torres

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


This chapter looks at the main findings of the volume on the political economy of the euro crisis and answers the following questions: What was the national growth model before the crisis? What were the primary causes of the crisis? What problems did the EU/troika identify? What were the major reforms undertaken by the government? What remains to be done? It considers the endurance of national growth models and the utility of the varieties of capitalism framework, albeit with some caveats.
Original languageEnglish
Title of host publicationThe political economy of adjustment throughout and beyond the Eurozone crisis
Subtitle of host publicationwhat have we learnt?
EditorsFrancisco Torres, Michele Chang, Federico Steinberg
Place of PublicationLondon
Number of pages9
ISBN (Electronic)9780429426940
ISBN (Print)9781138386150
Publication statusPublished - 2020


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