Accountants, Europeanists and Monetary Guardians: bureaucratic cultures and conflicts in IMF-EU lending programs

When the European Commission, the European Central Bank and the International Monetary Fund provided financial assistance to crisis-ridden European countries, they frequently clashed over loan conditions related to financial stability, fiscal policy and structural adjustment. This is puzzling given that the three organizations shared a general understanding of how to resolve the crisis, its causes and the need for austerity and were supervised...