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The New Economic Governance of the Eurozone

The New Economic Governance of the Eurozone
Author: Paul Dermine
Publisher: Cambridge University Press
Total Pages: 425
Release: 2022-07-28
Genre: Law
ISBN: 1009216619

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An in-depth study of the Eurozone's economic governance and its constitutional foundations.


Redefining European Economic Governance

Redefining European Economic Governance
Author: Michele Chang
Publisher: Routledge
Total Pages: 246
Release: 2016-04-14
Genre: Political Science
ISBN: 131763912X

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The global financial crisis and sovereign debt crisis exposed the inadequacy of European economic governance. Despite the multitude of new mechanisms and institutions that have arisen over the last few years, many contend that economic governance remains inadequate and the EU must integrate even further to calm still-volatile markets. A tension exists between creating effective instruments that will not overstep the authority delegated to an EU that has integrated economically but not politically. Can the EU’s economic governance system satisfy the demands of markets and politics? Relevant issues include the ability of supranational institutions to dictate policy to national governments, the harmonization of economic policies and institutions across Europe, and a substantial increase in the transfer of funds across borders. Can monetary union continue without political union? How will the new institutions alter the distribution of power between EU institutions as well as between member states? This edited volume analyzes the major policy challenges and institutional mechanisms at the EU- and international levels to combat the global financial crisis and the EU’s sovereign debt crisis such as financial integration, fiscal cooperation, and the rising power of the ECB. This book was published as a special issue of the Journal of European Integration.


Wage bargaining under the new European Economic Governance

Wage bargaining under the new European Economic Governance
Author: Guy Van Gyes
Publisher: ETUI
Total Pages: 419
Release: 2015-09-28
Genre: Collective bargaining
ISBN: 2874523739

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Within the framework of the new European economic governance, neoliberal views on wages have further increased in prominence and have steered various reforms of collective bargaining rules and practices. As the crisis in Europe came to be largely interpreted as a crisis of competitiveness, wages were seen as the core adjustment variable for ‘internal devaluation’, the claim being that competitiveness could be restored through a reduction of labour costs. This book proposes an alternative view according to which wage developments need to be strengthened through a Europe-wide coordinated reconstruction of collective bargaining as a precondition for more sustainable and more inclusive growth in Europe. It contains major research findings from the CAWIE2 – Collectively Agreed Wages in Europe – project, conducted in 2014–2015 for the purpose of discussing and debating the currently dominant policy perspectives on collectively-bargained wage systems under the new European economic governance.


Beyond the Crisis

Beyond the Crisis
Author: Mark Dawson
Publisher: Oxford University Press
Total Pages: 286
Release: 2015-12-10
Genre: Political Science
ISBN: 019106713X

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In the wake of the euro crisis, the European Union has been transformed in many ways. Is it now on the right track? The euro crisis, the steps taken to manage it, and the resulting transformations have triggered a necessary process of reconsidering economic governance in the European Union. This volume— the third in a series of annual editions tackling different aspects of governance— examines the long list of open political, legal, and economic questions related to the functioning and fundamental structure of the Union as a whole and the economic and monetary union in particular. Organised in three main sections, the contributions to this collection bring the perspectives of different academic disciplines to bear on the functional aspects of economic governance, the institutional transformations that have taken place, and their implications for the Union's legitimacy. A separate chapter looks at inequalities in perceptions of economic conditions and well-being within the European Union to identify trends particularly during the eurozone crisis. In doing so, the chapters in this volume take stock of the current situation, shed light on the dilemmas and challenges that must be recognised and addressed, and explore various options for the way ahead. The collection's ultimate goal is to assess whether the recent transformations lead EU governance in the right direction or require further adjustment.


The Pursuit of Stability of the Euro Area as a Whole

The Pursuit of Stability of the Euro Area as a Whole
Author: Luca Lionello
Publisher: Springer Nature
Total Pages: 243
Release: 2019-10-14
Genre: Law
ISBN: 3030280454

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This book analyses the ongoing reform of the European economic union in the light of the new objective of ‘stability of the euro area as a whole’ in Article 136(3) TFEU. On the basis of the relevant legal sources, it qualifies this objective as the obligation to preserve the existence of the monetary union, the establishment of which was an EU goal laid down in Article 3(4) TEU. While to date the objective has been achieved through fiscal and macroeconomic consolidation in the member states and the activation of stabilisation mechanisms in cases of emergency, the book argues that full stability requires a better system of economic governance, either through a process of partial fiscal centralisation or the return to a more efficient and sustainable market discipline of public finances. It also analyses the concrete legal challenges these raise, including compliance with the conferral principle, the longstanding democratic deficit of the governance and the balance between financial solidarity and fiscal responsibility.


Economic Government of the EU

Economic Government of the EU
Author: C. Meyer
Publisher: Springer
Total Pages: 285
Release: 2007-01-05
Genre: Political Science
ISBN: 023062572X

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The creation of Monetary Union marked a major step in the evolution of the European Union. Is the EU now taking the next step of deeper integration towards a fully-fledged economic government? The book seeks to answer this question by studying the evolution, execution and performance of new modes of economic policy co-ordination as potential stepping-stones towards more institutionalized forms of economic governance.


Legal Foundations of EU Economic Governance

Legal Foundations of EU Economic Governance
Author: Antonio Estella de Noriega
Publisher: Cambridge University Press
Total Pages: 289
Release: 2018-09-06
Genre: Law
ISBN: 110714101X

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A critical analysis of the legal dimension of European Union economic governance.


Economic Governance in the EU

Economic Governance in the EU
Author: Willem Molle
Publisher: Taylor & Francis
Total Pages: 409
Release: 2011-03
Genre: Business & Economics
ISBN: 1136810056

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This book sets out a systematisation of the theoretical and conceptual underpinnings of the financial and coordination methods used in EU Economic Governance, offering an empirical investigation into a range of European policy processes.


New Economic Governance in the European Union

New Economic Governance in the European Union
Author: Fabian Amtenbrink
Publisher:
Total Pages: 40
Release: 2014
Genre:
ISBN:

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The European financial and euro area debt crisis has exposed fundamental flaws of the system of economic governance in the euro area and namely of the legal framework introduced into primary Union law by the 1992/1993 Treaty on European Union governing economic policy coordination. This crisis has triggered a European regulatory response, the scope and swiftness of which is unprecedented in the 60 year history of European integration. These regulatory activities raise serious constitutional questions not only at the supranational, European level, but mainly also at the level of the Member States that fuel the long-standing debate on the relationship between the supranational legal order and the (constitutional) legal orders of the Member States. As the focus in the national sphere is increasingly on the impact of the European regulatory activities on core structural principles of the constitutional legal orders and namely the structural principle of parliamentary democracy, this debate has every potential to become even more entrenched. This could also put the much referred to co-operation and dialogue between the national highest (constitutional) courts and the Court of Justice of the European Union to the tested yet again. This contribution commences with a brief flashback to the beginnings of European economic and monetary union highlighting that the current judicial discourse on European economic governance and its democratic credentials is anything but new, as it finds its roots in the Treaty on the European Union. Thereafter, an overview of the new legal framework pertaining to economic policy coordination in the euro area and its impact on the national policy sphere is provided, followed by an analysis of a selection of decisions by national highest (constitutional) courts and tribunals, thereby focusing on their dealing with the constitutional impact of various aspects of the European regulatory response to the crisis. In the concluding part a preliminary answer to the question raised in the title of this contribution is offered.


The Eurozone Crisis and the Transformation of EU Governance

The Eurozone Crisis and the Transformation of EU Governance
Author: Maria João Rodrigues
Publisher: Routledge
Total Pages: 281
Release: 2016-03-16
Genre: Political Science
ISBN: 1317032713

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Research on European governance is central to understanding both the process of European integration and its external influence as a laboratory for multilateralism. This volume focuses on the impact of the recent Eurozone crisis and its far-reaching implications for European governance both inside and outside the EU borders. Ideal for classroom use, this volume covers: I. European modes of governance: concepts, recent trends and international implications with chapters by Lefkofridi & Schmitter, Cini, Borrs and Radaelli. II. The transformation of European economic governance with contributions by Fabbrini, Stoffaës, Collignon, Eising, Rasch and Rozbicka. III. The transformation of European social policy governance with Goetschy, Hemerijck, de la Porte and Heins. IV. The international implications of the transformation of EU governance highlighted by Rodrigues, Xiarchogiannopoulou and Mügge.