MACMILLAN Leadership in the Eurozone: The Role of Germany and EU Institutions (Palgrave Studies in European Union Politics)

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. Review “Schoeller’s monograph provides the reader with a comprehensive study of political leadership provided by collective actors during the eurozone crisis. It combines an innovative theoretical approach with a well-constructed comparative case study design and careful process-tracing based on rich, interview-based empirical material. The book stands out among political science publications on the eurozone crisis and in the field of political leadership research.” (Joachim Schild, Trier University, Germany) “Why does political leadership emerge and why does it succeed or fail? The author succeeds admirably in developing a comprehensive and compelling theoretical argument to answer these big questions at the heart of politics. He empirically demonstrates the validity of his arguments studying the roles of Germany and the European institutions in the governance of the eurozone crisis. But his theoretical argument and careful empirical method can be applied to all areas of political leadership. An essential read for all students and practitioners of politics.” (Adrienne Héritier, European University Institute, Florence, Italy) “The first major book that explains leadership of the eurozone. Based on various fascinating case studies, Schoeller provides a convincing account of how leadership ‘demand’ and leadership ‘surplus’ leads to the emergence of leadership when there is a collective action problem and the lack of a functioning institutional framework given the challenge. A must-read for anyone wanting to understand the eurozone crisis and for those seeking to learn more about leadership.” (Amy Verdun, Leiden University, the Netherlands, and the University of Victoria, BC, Canada) From the Back Cover 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. About the Author Magnus G. Schoeller is a re