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Eurozone Dystopia traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that was deeply flawed and destined to fail. It argu
The idea for this volume came from the enigma that some Central and Eastern European (CEE) European Union (EU) member states have been keen to join the Eurozone while others have shown persistent reluctance. Moreover, the attitudes towards joining have seemingly not correlated with either the level of economic development or the time spent as part of the EU, nor with any other rational reason such as the level of integration into the EU real economy, or the level of trust in the EU on the part of the public. Therefore, at first sight, the answer to the question ‘why in, why out?’ remains rather unclear. The attractiveness of the currency union has nevertheless not disappeared for the CEE countries. Despite the Eurozone crisis of 2010–13, it was during that time that the Baltic states introduced the euro. Then, after a few years of inactivity, Croatia and Bulgaria successfully applied for membership of the exchange rate mechanism in July 2020, amid the economic crisis caused by the coronavirus (COVID-19) pandemic. At the same time, the three Visegrad countries still using their national currencies – Poland, Czechia and Hungary – no longer have a target date to join the monetary union. This volume aims to discuss these issues from horizontal aspects and through country studies, with contributions from expert authors from, or closely related to, the CEE region.
This book calls upon us to rethink and reboot the European Union. The authors dissect the EU’s many vulnerabilities: how some Member States are backsliding on the rule of law, freedom of the press, and control of corruption – and how globalization’s ‘discontents’ are threatening the liberal international order. It examines the need for a common immigration policy; the need to rethink the unsustainable debt overhang of some Eurozone countries; and the need to use education to foster a European identity. Given the sum total of these vulnerabilities, the book argues, the EU may not survive beyond 2025 in its present form – that is, unless decisive action is taken. In turn, the book puts forward a number of workable solutions: a European economic model to secure full employment; a stronger European Court of Human Rights to counter systemic violations; a points-based immigration policy; clear exit options for the Eurozone; and an Open Education Area with a common second language. These solutions may reduce the number of EU countries, but would increase cohesion and overall survivability.
European economic integration has relied on policies intended to make the European Union strong and resilient economically, socially and politically. The Eurozone crisis and Brexit have demonstrated, however, how fragile this hope was and how contested reforms to the major European economic policies have become. Dariusz Adamski explains the evolution of these policies - from the Economic and Monetary Union to the internal market, international trade, the EU's climate policy, as well as its redistributive policies - and demonstrates how this evolution has made European economic integration increasingly frail. He shows how erroneous economic and political assumptions regarding the direction of the European integration project have interplayed with the EU's constitutional context. Arguing that flaws in individual policies contributing to European economic integration can be remedied in compliance with the existing constitutional setup, he explains why such solutions would be economically beneficial and politically feasible.
This edited collection addresses a paradox at the heart of the European Union: if it is a constantly enlarging empire of governance, how can almost thirty member states design policies as an administrative whole, whilst narrowly approaching all political issues from one economic point of view? The contributors to this collection approach this by studying knowledge production, policy formation and policy implementation in the union. The topics covered include the history of the union, its nature as an empire in the making compared to historical successors as well as current USA and China, formation of union level statistical data and policy documents, paradoxes of fiscal governance, social innovation policy, youth and education policy, energy policy and foreign policy with particular regard to Russia. The concluding chapter outlines five alternative future scenarios for the union extending from collapse and marginalization to the emergence of a federal empire. The book is essential reading for anybody interested in the EU, including students and scholars across a range of disciplines, including sociology, political science, international relations, economics, management studies, public and social policy, science and technology studies, and environmental policy.
This book assesses the implications of the COVID-19 pandemic for the European Union (EU), as well as its response in dealing with an overarching, multidimensional crisis with consequences extending beyond public health safety to political, economic, legal, and institutional arenas. It argues the pandemic represents a symmetric crisis cutting across countries with different social, economic and political characteristics and which yet - despite favouring cooperative solutions at the supranational level - has largely been met with initial responses of a national, even local, nature. So, how well did the EU perform as a crisis manager in the pandemic crisis? This book will be of key interest to scholars, students and readers of crisis, pandemic and health management, European Union politics and governance.
A surge of political trends and upheavals all over the world confronts German foreign policy with a world that is dramatically different from Berlin Republic unification in 1990. Brexit, American de-commitment to Europe and the rise of isolationist, populist forces within Germany as well as in other European countries and the U.S. have undermined the foundations of Germany's foreign policy. Germany is suddenly faced with another historical shift that is starting to shake the bedrock of its foreign policy. A council of experts for strategic foresight can address Germany's strategic cultural deficit, its civilian power fixation, its resorts principle of ministerial independence, and its coalition governance conflicts.
To understand the current difficulties and future prospects of European integration, multiple perspectives are required. The essays in this collection explore historical and geopolitical aspects of European integration and their relevance to interpretations of the current climate. They also examine the different regional dynamics of integration and the attitudes that result from those experiences, including in the European peripheries that are so often overshadowed by the dominant centres. In drawing all of these perspectives together, the collection allows the reader to assess the EU's current crisis in context.
This Companion is a comprehensive introduction to Modern Money Theory (MMT), covering a wide variety of topics from the nature and origins of money, to the fundamentals of government spending and taxation, to the application of MMT in developed and developing countries.
Demonstrating the ways in which the micro and macro-economic constitutions of Europe have reacted to legal measures enacted to counter the economic crisis of the past decade, this innovative book takes an interdisciplinary approach in its attempt to understand and portray the metamorphosis of the European Economic Constitution. It contains contributions from leading scholars and experts in European economic law, discussing the challenges, solutions found, problems arising and possible approaches to embed the economic constitution in the broader constitutional framework of the EU. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}