1. Introduction: Explaining Leadership in the Eurozone
1.1 The Argument
1.2 The Evidence
1.3 The Method
1.4 The Plan of the Book
2. Conceptualizing Leadership: What It Is and Why It Matters
2.1 The Basic Ingredients: Power, Common Goal and Strategies
2.2 Leadership and Success
2.3 Two Conceptions of Leadership
2.4 Defining Political Leadership
3. Theorizing Leadership: Emergence and Impact
3.1 A Rational Theory of Political Leadership
3.2 The Emergence of Political Leadership
3.3 The Impact of Political Leadership
3.4 Implications for the Empirical Research
4. Analysing Leadership I: Germany in the Eurozone Crisis
4.1 No Leadership: The First Financial Assistance to Greece
4.2 Failed Leadership: The Super-Commissioner
4.3 Successful Leadership: The Fiscal Compact
5. Analysing Leadership II: The EU Institutions in the Eurozone Crisis
5.1 No Leadership: The European Commission and Eurobonds
5.2 Failed Leadership: The European Parliament and Eurobonds
5.3 Successful Leadership: The European Central Bank and Outright Monetary Transactions
6. Evaluating Leadership: The Hard Case of the Eurozone
6.1 Comparative Results
6.2 Leadership in the Eurozone: An Overview Assessment
7. Conclusions
Magnus G. Schoeller is a researcher at the Centre for European Integration Research (EIF), University of Vienna, Austria, and Research Associate at the Robert Schuman Centre for Advanced Studies in Florence, Italy.
Leadership of powerful states and organizations is crucial for the success of regional integration projects. This book offers a theoretical model explaining such leadership. By applying the model to eurozone governance and reform, the book combines innovative theorizing on leadership in regional and international affairs with original research on Economic and Monetary Union politics. Six in-depth case studies analyze the (non-)leadership of Germany and EU institutions in eurozone crisis management. Moreover, the book evaluates the eurozone’s leadership record since the outbreak of its crisis and helps readers understand the leadership of collective actors, and the extent to which they can contribute to overcoming crisis and fostering European integration. In particular, the book investigates the under-researched questions of who provided leadership in the eurozone crisis and why, and which conditions are required to achieve successful leadership in the EU.
Magnus G. Schoeller is a researcher at the Centre for European Integration Research (EIF), University of Vienna, Austria, and Research Associate at the Robert Schuman Centre for Advanced Studies in Florence, Italy.