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Author: Gideon Rose
Publisher: Foreign Affairs
ISBN: 0876096380
Category : Political Science
Languages : en
Pages : 321
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Book Description
The project of European integration has always been a dream spurred by a nightmare. To escape the continent’s volatile, bloody past, the argument ran, European countries needed to bind themselves together and forge a harmonious common future. In fits and starts, to varying degrees on varying issues, this project has managed to achieve extraordinary success over the past seven decades, enabling Europe to reach levels of peace and prosperity at which previous generations could only have marveled. But the endeavor has always been more popular with elites than with the masses, has lurched from crisis to crisis, and has struggled to deal with the differences that keep Europe’s disparate parts from forming a seamless whole. Foreign Affairs has been covering the effort closely from the beginning, and as the Greek crisis comes to a head, we’ve decided to pull together highlights of our analysis of the quest for economic union in particular. This collection provides an unparalleled look at the past, present, and future of Europe’s common currency, showcasing more than two dozen of the world’s leading experts on European economics and politics to help you better understand the story behind the headlines.
Author: Gideon Rose
Publisher: Foreign Affairs
ISBN: 0876096380
Category : Political Science
Languages : en
Pages : 321
Get Book Here
Book Description
The project of European integration has always been a dream spurred by a nightmare. To escape the continent’s volatile, bloody past, the argument ran, European countries needed to bind themselves together and forge a harmonious common future. In fits and starts, to varying degrees on varying issues, this project has managed to achieve extraordinary success over the past seven decades, enabling Europe to reach levels of peace and prosperity at which previous generations could only have marveled. But the endeavor has always been more popular with elites than with the masses, has lurched from crisis to crisis, and has struggled to deal with the differences that keep Europe’s disparate parts from forming a seamless whole. Foreign Affairs has been covering the effort closely from the beginning, and as the Greek crisis comes to a head, we’ve decided to pull together highlights of our analysis of the quest for economic union in particular. This collection provides an unparalleled look at the past, present, and future of Europe’s common currency, showcasing more than two dozen of the world’s leading experts on European economics and politics to help you better understand the story behind the headlines.
Author: J. Hayward
Publisher: Springer
ISBN: 1137271353
Category : Political Science
Languages : en
Pages : 549
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Book Description
The Euro crisis catapulted the EU into its most serious political crisis since its inception, leaving it torn between opposing demands for more sovereignty and solidarity. This volume focuses on the key themes of disunion, sovereignty and solidarity. It assesses the main EU institutions: member states, civil society actors and policy areas.
Author: Tom Gallagher
Publisher: Manchester University Press
ISBN: 1847799361
Category : Political Science
Languages : en
Pages : 408
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Book Description
The EU’s single currency crisis and the ensuing human costs have led to Europe’s biggest disaster since 1945. This book examines each of its stages and the political and social impact, and reveals the longer-term origins of the crisis, particularly the failure of elites to promote a genuine European partnership grounded in democratic values and a desire to co-exist with a national outlook. The author defends an orderly retreat from the existing model of monetary union, arguing that an alternative is needed in order for countries enduring a prolonged slump to recover, and recommending that EU chiefs should also treat the nation-state as a partner in a common emergency that needs to be overcome. This jargon-free, insightful and long-term analysis of a dangerous crisis is an invaluable book for academics and students alike. It is also an effective tool for policy-makers, citizens and business people who require an accessible and in-depth appraisal of a continuing catastrophe.
Author: Enrique Martínez-García
Publisher:
ISBN:
Category :
Languages : en
Pages : 4
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Book Description
Forming a monetary union brings the benefits of a shared currency but also--as the experience of the euro area shows in the years following the global financial crisis--significant costs associated with the loss of monetary policy independence and exchange rate flexibility.
Author: Richard W. T. Pomfret
Publisher:
ISBN:
Category : Euro
Languages : en
Pages : 21
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Book Description
Author: Douglas Webber
Publisher: Bloomsbury Publishing
ISBN: 1137529482
Category : Political Science
Languages : en
Pages : 262
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Book Description
This new book provides a comprehensive analysis of Europe on the brink of political disintegration. Observers of the European Union (EU) could be forgiven for thinking that it is in a state of permanent crisis. The Union has been beset with high levels of Eurozone debt, Russian intervention and armed conflict in Ukraine, refugees fleeing conflict zones in North Africa and the Middle East, and the decision of Britain to leave the European Union. This text offers a concise and readable assessment of the dynamics, character and consequences of these four crises and the increasingly real possibility of European disintegration. High levels of socio-economic interdependence and institutionalization have failed to result in an ever closer union, and yet the proposed theories of disintegration also fall short. Webber instead shows that it is only by looking at the role of the EU's dominant member, Germany, in each crisis that the potential for an increasingly fragmented Europe becomes clear. Until now, Germany has been the EU's stabilizing force but this is no longer guaranteed. The fate of the integration process will depend on whether other, more inclusive forms of stabilizing leadership may emerge to fill the vacuum created by Berlin's incapacity. This text is the ideal companion for upper undergraduate and postgraduate students of the European Union, as part of degrees in politics, international relations or European studies, or for anyone interested in the crises of the European Union.
Author: Harold James
Publisher: Harvard University Press
ISBN: 0674070941
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.
Author: Roberto Di Quirico
Publisher:
ISBN: 9788883980978
Category :
Languages : en
Pages : 360
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Book Description
This book combines history and political analysis of monetary integration in the European Union (EU) and discusses the main consequences of the euro on both member states' domestic politics and the EU's institutions and policies. The book is structured in three parts. In part I, historical analysis demonstrates that monetary instability and the need for international coordination in currency affairs emerged before political integration became an option. This suggests that monetary and political integration are convergent processes instead of two interconnected components of the wider European integration. Besides, the history of European monetary integration shows that many policies proposed today to face the euro and European crises had been discussed and tested in the past and that results were strictly connected to the specific conditions of the moment. Such a policy analysis-oriented approach to monetary history permits discussing with a different and innovative perspective the actual problems of monetary integration and the unmasking of misleading views of European integration widely diffused in the political debate since the end of the 2000s. Part II and part III discuss the political dimension of the European Economic and Monetary Union's (EMU) problems and the impact on member states' domestic politics. These sections consider themes such as EU institutional transformation, the new EU governance model that emerged due to the crisis, the problematic relationship between European integration and national democracy, and, finally, the role of monetary integration and opposition to the euro in feeding the growing electoral consensus in favour of populist parties. A conclusive chapter summarises the main results of this long-term analysis and answers some research questions anticipated in this book's introduction about the real nature and consequences of monetary integration.
Author: Robert Bideleux
Publisher: Routledge
ISBN: 1134775229
Category : Business & Economics
Languages : en
Pages : 311
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Book Description
This book deals with the principal problems and challenges confronting Europe in the aftermath of the Cold War. It shows how integration should not be seen as an inexorable process, and deals with both EU countries and those outside the Union.
Author: John F Chown
Publisher: Routledge
ISBN: 1134473028
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
In this comprehensive historical overview, the author writes about monetary unions with an admirable completeness and covers such themes as:*The Gold Standard*Monetary Unions in Countries and Areas from Latin America to The British Empire to Japan and Korea with many in between*EMU and its Policy Ramifications*the CFA Franc Zone in the former Frenc
