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The Politics of the Eurogroup

The Politics of the Eurogroup
Author: Joscha Abels
Publisher: Taylor & Francis
Total Pages: 166
Release: 2023-06-30
Genre: Political Science
ISBN: 100090833X

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The Politics of the Eurogroup provides an intriguing look inside the euro crisis and the secretive forum of finance ministers that came to dominate it. The history of the European Union is a history of crises and the leaps of integration they triggered. As the pandemic, the war in Ukraine, and global power competition are clouding the prospects of the European economies, the member states are looking for solutions. Yet they find their options highly constrained by the economic and political realities created in the decade of the euro crisis. This book fuses a critical political economy perspective on structural relations within the Economic and Monetary Union with a power- based approach to its institutions. It explains why a political project of European austerity emerged from the Eurogroup and side-lined alternative policies, with repercussions still felt today. The author introduces a series of interviews with key decision-makers – ministers, central bankers, and EU officials – as well as leaked audio recordings from Eurogroup meetings to give an authentic report of the power struggles between finance ministers. The book retraces how the Eurogroup rose to prominence in the crisis and how a few northern countries – led by the German and Dutch finance ministries – were able to exploit the group’s informal processes to shape the Economic and Monetary Union to their advantage. With its interdisciplinary and investigative approach, this book will be of great interest for scholars and students concerned with European integration, international political economy, economics, institutionalism, and governance. It will also be of value for policy makers in the fields of European politics and economic governance.


The Politics of the Euro-Zone

The Politics of the Euro-Zone
Author: Kenneth Dyson
Publisher: OUP Oxford
Total Pages: 326
Release: 2000-09-28
Genre: Political Science
ISBN: 0191529176

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The Euro-Zone represents the single most important step in European Integration since 1957 and one of the boldest economic, monetary, and political projects in modern history. In this first major study, the author examines the major political questions raised by the birth of the Euro-Zone on January 1 1999 and argues for a more politically informed analysis and assessment of its nature, operation, and prospects. How does the Euro-Zone operate? What does it mean for European States and for the political strategies of governments? How is its operation to be explained? What are its prospects for stability? What kinds of policies are needed to strengthen its capacity to withstand crisis? The book stresses the ECB-centric nature of the Euro-Zone and its implications both for policy and polices in Europe and for theories of integration. The ECB emerges as a powerful 'policy pusher' and 'ideational leader', with an authority and power exceeding that of the European Commission in the integration process. Dyson examines the elated problems of social justice, democratic consent, and identity. He also argues that the Euro-Zone represents a process of transition to the EU as a 'stabilization Staten An innovative aspect of the book is its application of a strength-strain model for the purpose of analyzing and assessing the stability of the Euro-Zone. It concludes that the stability of the Euro-Zone will be strongly conditioned by three factors: how Kantian rather than Hobbesian or Lockeian its political culture proves to be, with a key reproducibility failing here on the quality of political leadership; its possession of policy interments to tackle liquidity as well as debt traps; and the speed and efficiency of mechanisms of 'bench marking, policy transfer, and 'lesson-drawing'.


The European Union and the End of Politics

The European Union and the End of Politics
Author: James Heartfield
Publisher: John Hunt Publishing
Total Pages: 327
Release: 2013-05-31
Genre: Political Science
ISBN: 1780999496

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Europe is in crisis, but the European Union just gets stronger. Greece, Portugal, Spain and Ireland have all been told that they must submit their budgets to EU-appointed bureaucrats. The 'soft coup' that put EU officials in charge of Greece and Italy shows that the Union is opposed to democracy. Instead of weakening the European Union, the budget crisis of 2012 has ended up with the eurocrats grabbing new powers to dictate terms. Over the years the forward march of the European Union has been widely misunderstood. James Heartfield explains that the rise of the EU is driven by the decline in political participation. Without political contestation national parliaments have become an empty shell. Where once elites drew authority from their own people, today they draw authority from the European Union, and other summits of world leaders. The growth of the European Union runs in tandem with the decline in national politics. As national sovereignty is hollowed out, technocratic administration from Brussels fills the void. This account of the rise of the European Union includes a full survey of the major schools of thought in European studies, and a valuable guide to those who want to take back control. ,


Ruling Europe

Ruling Europe
Author: Martin Heipertz
Publisher: Cambridge University Press
Total Pages: 333
Release: 2010-03-18
Genre: Political Science
ISBN: 1139484354

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The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact's Excessive Deficit Procedure was suspended in 2003. The decision to suspend was brought before the European Court of Justice in 2004 and the SGP then underwent painstaking reform in 2005. After a period of economic prosperity and falling budgetary deficits, the global economic crisis put the system under renewed stress. Ruling Europe presents a comprehensive analysis of the political history of the SGP as the cornerstone of EMU. It examines the SGP through different theoretical lenses, offering a fascinating study of European integration and institutional design. One cannot understand the Euro without first understanding the SGP.


The Politics of the Eurozone Crisis in Southern Europe

The Politics of the Eurozone Crisis in Southern Europe
Author: Leonardo Morlino
Publisher: Springer Nature
Total Pages: 221
Release: 2019-11-18
Genre: Political Science
ISBN: 3030244717

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This book provides an in-depth account of the politics of the Eurozone crisis in Italy, Spain, Greece, Portugal, Cyprus and Malta, mapping the positions expressed by the governments of Southern EU countries during the Eurozone crisis negotiations, including Greece’s bailout deal, the so-called “Six Pack” and the “Fiscal Compact” and exploring the process of domestic preference formation. The book relies on original data resulting from fieldwork conducted in the context of the EU Commission- funded Horizon 2020 project “The Choice for Europe since Maastricht”.


Interest Group Politics in Europe

Interest Group Politics in Europe
Author: Jan Beyers
Publisher: Routledge
Total Pages: 225
Release: 2013-09-13
Genre: Political Science
ISBN: 1317995856

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Interest organizations have always assumed a prominent place in European politics because they link states with citizens, institutionalize the resolution of social conflicts, regulate important sectors of the economy and society, contribute to workable policy outcomes and socialize members into democratic politics. However, the plethora of interest group studies that exist have not consolidated our understanding of these actors. These analyses have been subject to the vagaries of different theoretical perspectives and vary greatly in their conceptual and methodological frameworks. Consequently, a not always complementary and fragmented series of findings has emerged. This book is a systematic and comprehensive effort at investigating and integrating the state of the art in European interest group research. Combining the analysis of interest group politics in the EU with the comparative study of interest organizations, the book seeks to identify the areas about which there is consolidated knowledge, that are marked by controversies, in which considerable uncertainty exists, that have been omitted from research programs and that ought to be part of future studies. Thereby, it provides a general reflection on how the study of interest group politics can be improved by linking it to the comparative study of governance. This book was published as a special issue of West European Politics.


Politics and Institutions in an Integrated Europe

Politics and Institutions in an Integrated Europe
Author: Barry Eichengreen
Publisher: Springer Science & Business Media
Total Pages: 236
Release: 2012-12-06
Genre: Business & Economics
ISBN: 364257811X

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In this volume, a group of distinguished economists, political scientists, and sociologists analyze the political economy of European integration. The authors evaluate recent developments in European politics and institutions. They consider the current situation and prospects for the future of an integrated Europe. This book will be of great interest to observers, scholars, and students of European economic and political affairs, macroeconomic policy, institutional analysis, and comparative and international political economy. The book is unique in combining perspectives from economics and political science and provides in-depth analysis of the new European institutions. It is published in conjunction with "Monetary and Fiscal Policy in an Integrated Europe" by the same editors.


The Eurogroup

The Eurogroup
Author: Uwe Puetter
Publisher: Manchester University Press
Total Pages: 216
Release: 2013-07-19
Genre: Political Science
ISBN: 9781847792297

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This book is the first study on the work of the Eurogroup - monthly informal meetings between euro area finance ministers, the Commission and the European Central Bank. Puetter convincingly demonstrates how this small, secretive circle of senior decision-makers shapes European economic governance through a routinised informal policy dialogue. Although the role of the Eurogroup has been contested since before the group's creation, its actual operation has never been subject to systematic evaluation. This book opens the doors of the meeting room and shows how an understanding of the interplay of formal provisions and informal processes is pivotal to the analysis of euro area governance. The book advances the conceptual understanding of informal negotiations among senior European and national decision-makers, and provides a unique in-depth analysis of historical episodes of policy coordination. As other areas of European decision-making rely increasingly on informal, voluntary policy coordination amongst member states, the Eurogroup model can be seen as a template for other policy areas.


Democratic Politics in a European Union Under Stress

Democratic Politics in a European Union Under Stress
Author: Olaf Cramme
Publisher: Oxford University Press, USA
Total Pages: 273
Release: 2015
Genre: Political Science
ISBN: 0198724489

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This book offers the first comprehensive political analysis of the Euro crisis that erupted in Greece in 2010 and subsequently threatened the very survival of the Euro area. It has left a profound mark on democratic politics all over Europe, changing public attitudes and voting preferences, institutional and societal norms, and deeply anchored political traditions. The contributors to this volume reveal the extent to which policymakers are torn between the pressures emanating from financial markets and the demands put forward by their own constituents; how they struggle to reconcile national preferences with wider European interests; and how a polarized and politicized Union seeks to maintain some degree of cohesion. The emerging picture is that of a European Union under serious stress, transformed by new governance structures and a shifting balance of power. In response, the authors evaluate the prospects of a more legitimate and democratic Europe. They provide a rich and pluralist set of new analyses and proposals, aimed at understanding and navigating the myriad tensions which surround the EU in the aftermath of the crisis. If the European project is to regain the trust of its citizens, such considerations must take a central place in public debate.


The Future of the Euro

The Future of the Euro
Author: Matthias Matthijs
Publisher: Oxford University Press, USA
Total Pages: 369
Release: 2015
Genre: Business & Economics
ISBN: 0190233249

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'The Future of the Euro' is an attempt by political economists to analyse the fundamental causes of the euro crisis, determine how it can be fixed, and consider what likely futures lie ahead for the currency. The book makes three interrelated arguments that emphasize the primacy of political over economic factors. It concludes that any successful long-term solution to the euro's predicament must start with the political foundations of markets.