@article{2017:benczes:wait_see_,
title = {Wait, see and hope: Explaining crisis management in the framework of liberal intergovernmentalism},
year = {2017},
note = {Liberal intergovernmentalism (LI), a state-centric,
rationalist-institutionalist paradigm based upon strict
microfoundational assumptions, has often been re- ferred to as the
baseline theory amongst European integration theories, due to  its
theoretical soundness, analytical rigour and empirical power1. It is
rather surprising that in spite of its presumable relevance in
providing a sound inter- pretation of crisis management, LI has not
yet been too active in explaining the post-crisis events of the EU -
the only exception being Schimmelfennig2. In this paper,
Schimmelfennig argued that the situation where every party wanted to
preserve the single currency by also trying to minimize the costs of
crisis man- agement could be best depicted by the so-called “chicken
game”, a model where the winner takes it all. This paper wants to
demonstrate that the “chicken game” might not be an appropriate
choice for understanding the actions (and inaction) of member states
in the post-crisis situation. It is argued instead that national
governments have been engaged more rather in a game of
“war-of-attrition”},
journal = {ZSE Zeitschrift für Staats- und Europawissenschaften | Journal for Comparative Government and European Policy},
pages = {606--626},
author = {Benczes, István},
volume = {15},
number = {4}
}