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The Executive at Work during Times of Crisis

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Executive Politics in Times of Crisis

Part of the book series: The series ((EXPOLGOV))

Abstract

The ‘credit crunch’ of 2007, associated with sub-prime mortgages in the United States, put national executives in an ongoing crisis management mode. The global financial meltdown of 2007–2008 turned into a widespread economic crisis between autumn 2008 and late 2009. By 2010, the economic crisis had turned into a sovereign debt crisis, with Greece, Ireland and Portugal having to face bailout packages and the threat of a default. At the time of writing (October 2011), Cyprus, Italy and Spain were seen to be at risk of joining the list of defaulting countries.

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Authors
  1. Salvador Parrado
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Editor information

Editors and Affiliations

  1. Department of Government, London School of Economics and Political Science, UK

    Martin Lodge (Professor of Political Science and Public Policy) (Professor of Political Science and Public Policy)

  2. Hertie School of Governance, Berlin, Germany

    Kai Wegrich (Professor of Public Policy and Administration) (Professor of Public Policy and Administration)

Copyright information

© 2012 Salvador Parrado

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Cite this chapter

Parrado, S. (2012). The Executive at Work during Times of Crisis. In: Lodge, M., Wegrich, K. (eds) Executive Politics in Times of Crisis. The Executive Politics and Governance series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137010261_11

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