Powerful rules governing the euro: the perverse logic of German ideas

REFERENCES

• Ban, C. (2015) ‘Austerity versus stimulus? Understanding fiscal policy change at the International Monetary Fund since the Great Recession’, Governance 28(2): 167–83. doi: 10.1111/gove.12099
   Web of Science ®Google Scholar
• Béland, D. (2009) ‘Ideas, institutions, and policy change’, Journal of European Public Policy 16(5): 701–18. doi: 10.1080/13501760902983382
   Web of Science ®Google Scholar
• Béland, D. (2010) ‘The idea of power and the role of ideas’, Political Studies Review 8: 145–54. doi: 10.1111/j.1478-9302.2009.00199.x
   Web of Science ®Google Scholar
• Berman, S. (1998) The Social Democratic Moment, Cambridge, MA: Harvard University Press.
   Google Scholar
• Blyth, M. (2002) Great Transformations, Cambridge: Cambridge University Press.
   Google Scholar
• Blyth, M. (2013) Austerity, New York: Oxford University Press.
   Google Scholar
• Bulmer, S. (2014) ‘Germany and the eurozone crisis: between hegemony and domestic politics’, West European Politics 37(6): 1244–63. doi: 10.1080/01402382.2014.929333
   Web of Science ®Google Scholar
• Carstensen, M.B. and Schmidt, V. (2015) ‘Power through, over and in ideas: conceptualizing ideational power in discursive institutionalism,’ Journal of European Public Policy, doi:10.1080/13501763.2015.1115534.
   Google Scholar
• De Grauwe, P. and Ji, Y. (2013) ‘Panic-driven austerity in the eurozone and its implications’, Vox, 21 February.
   Google Scholar
• Dullien, S. and U. Guérot (2012) ‘The long shadow of ordoliberalism: Germany's approach to the euro crisis’, Policy Brief ECFR/49, February, Berlin: European Council on Foreign Relations.
   Google Scholar
• European Union, Treaty on European Union (Consolidated Version), Treaty of Maastricht, 7 February 1992, Official Journal of the European Communities C 325/5.
   Google Scholar
• Faiola, A. and Birnbaum, M. (2012) ‘Greece forms emergency government amid banking fears’, The Washington Post, 16 May.
   Google Scholar
• Fourcade, M. (2013) ‘The economy as morality play, and implications for the eurozone crisis’, Socio-Economic Review 11: 620–7. doi: 10.1093/ser/mwt012
   Web of Science ®Google Scholar
• Frieden, J. (1991) ‘Invested interests: the politics of national economic policies in a world of global finance’, International Organization 45(4): 425–51. doi: 10.1017/S0020818300033178
   Web of Science ®Google Scholar
• Hay, C. (1996) ‘Narrating crisis: the discursive construction of the “Winter of Discontent”’, Sociology 30(2): 253–77. doi: 10.1177/0038038596030002004
   Google Scholar
• Hay, C. and Rosamond, B. (2002) ‘Globalization, European integration and the discursive construction of economic imperatives’, Journal of European Public Policy 9(2): 147–67. doi: 10.1080/13501760110120192
   Web of Science ®Google Scholar
• Heipertz, M. and Verdun, A. (2004) ‘The dog that would never bite? What we can learn from the origins of the Stability and Growth Pact’, Journal of European Public Policy 11(5): 765–80. doi: 10.1080/1350176042000273522
   Web of Science ®Google Scholar
• Heipertz, M. and Verdun, A. (2010) Ruling Europe: The Politics of the Stability and Growth Pact, Cambridge: Cambridge University Press.
   Google Scholar
• Heisenberg, D. (1999) The Mark of the Bundesbank, Boulder, CO: Lynne Rienner.
   Google Scholar
• Howarth, D. and Rommerskirchen, C. (2013) ‘A panacea for all times? The Germany stability culture as strategic political resources’, West European Politics 36(4): 750–70. doi: 10.1080/01402382.2013.783355
   Web of Science ®Google Scholar
• Hume, N. (2010) ‘The Merkel Crash’, FT Alphaville, 29 November. Available at http://ftalphaville.ft.com/2010/11/29/419551/the-merkel-crash/ (accessed 15 January 2015).
   Google Scholar
• Inman, P. (2011) ‘French debt rating at risk as Germany warns there is no quick fix for crisis’, The Guardian, 17 October. Available at http://www.theguardian.com/business/2011/oct/17/german-finance-minister-eurozone-crisis (accessed 14 October 2014).
   Google Scholar
• Jabko, N. (2006) Playing the Market (1985–2005), Ithaca, NY: Cornell University Press.
   Google Scholar
• Jacoby, W. (2014) ‘The politics of the eurozone crisis: two puzzles behind the German consensus’, German Politics & Society 32(2): 70–85. doi: 10.3167/gps.2014.320205
   Google Scholar
• Jacoby, W. (2015) ‘Europe's new German problem: The timing of politics and the politics of timing’, in M. Matthijs and M. Blyth (eds), The Future of the Euro, New York: Oxford University Press, pp. 187–209.
   Google Scholar
• James, H. (2011) ‘International order and the financial crisis’, International Affairs 87(3): 525–37. doi: 10.1111/j.1468-2346.2011.00988.x
   Web of Science ®Google Scholar
• Jones, E. (2010) ‘Merkel's folly’, Survival 52(3): 21–38. doi: 10.1080/00396338.2010.494873
   Web of Science ®Google Scholar
• Jones, E. (2013) The Year the European Crisis Ended, Houndmills: Palgrave.
   Google Scholar
• MacKenzie, D. (2006) An Engine not a Camera: How Financial Models Shape Markets, Cambridge, MA: MIT Press.
   Google Scholar
• Marsh, D. (2011a) The Euro: The Battle for the New Global Currency, New Haven, CT: Yale University Press.
   Google Scholar
• Marsh, D. (2011b) ‘Germany's Helmut Kohl loses currency bet’, MarketWatch, 8 December. Available at http://www.marketwatch.com/story/germanys-helmut-kohl-loses-currency-bet-2011-12-08 (accessed 16 November 2014).
   Google Scholar
• Matthijs, M. (2011) Ideas and Economic Crises in Britain from Attlee to Blair (1945–2005), London: Routledge.
   Google Scholar
• Matthijs, M. (2014a) ‘Mediterranean blues: the crisis in Southern Europe’, Journal of Democracy 25(1): 101–15. doi: 10.1353/jod.2014.0002
   Web of Science ®Google Scholar
• Matthijs, M. (2014b) ‘The eurozone crisis: growing pains or doomed from the start?’ in M. Moschella and C. Weaver (eds), Handbook of Global Economic Governance, London: Routledge, pp. 201–17.
   Google Scholar
• Matthijs, M. and Blyth, M. (2011) ‘Why only Germany can fix the euro’, Foreign Affairs, 17 November.
   Google Scholar
• Matthijs, M. and Blyth, M. (eds) (2015) The Future of the Euro, New York: Oxford University Press.
   Google Scholar
• Matthijs, M. and McNamara, K. (2015) ‘The euro crisis’ theory effect: northern saints, southern sinners, and the demise of the eurobond’, Journal of European Integration 37(2): 229–45. doi: 10.1080/07036337.2014.990137
   Web of Science ®Google Scholar
• McNamara, K. (1998) The Currency of Ideas, Ithaca, NY: Cornell University Press.
   Google Scholar
• McNamara, K. (2006) ‘Economic governance, ideas and EMU: what currency does policy consensus have today?’ Journal of Common Market Studies 44(4): 803–21. doi: 10.1111/j.1468-5965.2006.00663.x
   Web of Science ®Google Scholar
• McNamara, K. (2015a) ‘The forgotten problem of embeddedness: history lessons for the euro’, in M. Matthijs and M. Blyth (eds), The Future of the Euro, New York: Oxford University Press, pp. 21–43.
   Google Scholar
• McNamara, K. (2015b) The Politics of Everyday Europe, Oxford: Oxford University Press.
   Google Scholar
• Merton, R. (1968) Social Theory and Social Structure, New York: The Free Press.
   Google Scholar
• Moravcsik, A. (1998) The Choice for Europe, Ithaca, NY: Cornell University Press.
   Google Scholar
• Moravcsik, A. (2012) ‘Europe after the crisis: how to sustain a common currency’, Foreign Affairs 91(3): 54–68.
   Web of Science ®Google Scholar
• Nedergaard, P. and H. Snaith (2015) ‘“As I drifted on a river I could not control”: the unintended ordoliberal consequences of the eurozone crisis’, Journal of Common Market Studies 53(5): 1094–109. doi: 10.1111/jcms.12249
   Web of Science ®Google Scholar
• Newman, A. (2015) ‘Germany's euro experience and the long shadow of reunification’, in M. Matthijs and M. Blyth (eds), The Future of the Euro, New York: Oxford University Press, pp. 117–35.
   Google Scholar
• Parsons, C. (2007) How to Map Arguments in Political Science, Oxford: Oxford University Press.
   Google Scholar
• Parsons, C. (2015) ‘Ideas and power: four intersections and how to show them’, Journal of European Public Policy, doi:10.1080/13501763.2015.1115538.
   Google Scholar
• Pierson, P. (1996) ‘The path to European integration: a historical institutionalist analysis’, Comparative Political Studies 29(2): 123–63. doi: 10.1177/0010414096029002001
   Web of Science ®Google Scholar
• Saurugger, S. (2013) ‘Constructivism and public policy approaches in the EU: from ideas to power games’, Journal of European Public Policy 20(6): 888–906. doi: 10.1080/13501763.2013.781826
   Web of Science ®Google Scholar
• Schmidt, V. (2008) ‘Discursive institutionalism: the explanatory power of ideas and discourse’, Annual Review of Political Science 11: 303–26. doi: 10.1146/annurev.polisci.11.060606.135342
   Web of Science ®Google Scholar
• Schmidt, V. (2010) ‘Taking ideas and discourse seriously: explaining change through discursive institutionalism as the fourth “new institutionalism”’, European Political Science Review 2(1): 1–25. doi: 10.1017/S175577390999021X
   Web of Science ®Google Scholar
• Sikorski, R. (2011) ‘I fear Germany's power less than her inactivity’, Financial Times, 28 November.
   Google Scholar
• Spiegel, P. (2014) ‘If the Euro falls, Europe falls’, Financial Times, 15 May.
   Google Scholar
• Spiegel Online (2010) ‘Brussels summit: EU agrees to Merkel's controversial euro reforms’, 29 October. Available at http://www.spiegel.de/international/europe/brussels-summit-eu-agrees-to-merkel-s-controversial-euro-reforms-a-726103.html (accessed 16 October 2014).
   Google Scholar
• Stark, J. (2015) ‘The historical and cultural differences that divide Europe's Union’, Financial Times, 12 February, available at https://next.ft.com/content/e08ec622-ad28-11e4-a5c1-00144feab7de (accessed 27 November 2015).
   Google Scholar
• Steinberg, F. and M. Vermeiren (2015) ‘Germany's institutional power and the EMU regime after the crisis: towards a Germanized euro area?’, Journal of Common Market Studies, doi: 10.1111/jcms.12255.
   Web of Science ®Google Scholar
• Thompson, H. (2013) ‘The crisis of the euro: the problem of German power revisited’, SPERI Paper No. 8, Sheffield: Sheffield Political Economy Research Institute.
   Google Scholar
• Weisenthal, J. (2010) ‘Merkel: there is “no possibility” of bailing out Greece’, Business Insider, 28 February. Available at http://www.businessinsider.com/angela-merkel-denies-greek-bailout-2010-2 (accessed 17 October 2014).
   Google Scholar
• Wolf, M. (2014) The Shifts and the Shocks, New York: Penguin.
   Google Scholar
• Zimmermann, H. (2014) ‘A grand coalition for the euro: the second Merkel cabinet, the euro crisis and the elections of 2013’, German Politics 23(4): 322–36. doi: 10.1080/09644008.2014.953069
   Web of Science ®Google Scholar