The Political Economy of the Eurozone




Ever since the introduction of the Euro as a common currency there has been debate about its construction and appropriateness. Likewise, the effectiveness of governance of the Euro-zone was questioned. These debates were intensified by the onset of the European Sovereign Debt Crisis in 2009 and continue until today. In this class, we will analyse the economic and political effects of the Euro, causes and consequences of the crisis, and the effectiveness of governance in the Eurozone. We will discuss key actors and their decision-making powers and how the latter are affected by changes in the institutional setting of the Eurozone. The course combines political and economic perspectives. Good knowledge of statistics and mathematics is a prerequisite for participation. 

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