Merkelism and the Fine Art of Flat Politics

“The language is clear, the style engaging, the rhythm sustained, the narration enlightening, the analysis cogent.”

—Andrea Capussela, London School of Economics, UK

“This book is essential reading for anyone interested in crisis policymaking or the future of European integration.”

—Erik Jones, European University Institute, Italy

“Offering behind-the-scenes domestic political debates taking place with far-reaching consequences for European integration, Heipertz contributes to our knowledge of the euro crisis and sheds new light on how the euro was saved, but in a way that sowed the roots for later instability. A timely must-read book for understanding the euro crisis and its legacy.”

—Michele Chang, College of Europe, Belgium

“A major contribution to the state of comparative political economy.”

—Fritz W. Scharpf, Max Planck Institute for the Study of Societies, Germany

“A fascinating analysis of one of the most important moments in recent European integration – a must read for anyone with an interest in the past, present and future of European integration.”

—Amy Verdun, University of Victoria BC, Canada, and Leiden University, The Netherlands

This book uses the early stage of the euro crisis as a case study, dissecting Angela Merkel’s incremental crisis-management, her tactical strengths, and her reliance on media-driven decision-making. It sheds light on how Maastricht Treaty principles were overridden by bailouts and ECB interventions. Drawing from a decade of firsthand experience, the narrative blends scholarly insights into leadership and incrementalism with a vivid insider’s perspective, offering a unique window into this pivotal moment in European integration.

Martin Heipertz is a political economist trained in Oxford, Bruges, Paris and Cologne. He published and worked extensively on European monetary and fiscal policy as well as foreign and security affairs.