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The New Intergovernmentalism: European Integration in the Post-Maastricht Era

Bickerton, Christopher, Hodson, Dermot, Puetter, Uwe, (2015), “The New Intergovernmentalism: European Integration in the Post-Maastricht Era”, Journal of Common Market Studies, Volume 53, Issue 4, pages 703–722, July 2015 The post-Maastricht period is marked by an integration paradox. While the basic constitutional features of the European Union have remained stable, EU activity has expanded to an unprecedented degree. This form of integration without supranationalism is no exception or temporary deviation from traditional …Read More

Does Banking Union Worsen the EU’s Democratic Deficit? The Need for Greater Supervisory Data Transparency

Gandrud, Christopher, Hallerberg, Mark, (2015), “Does Banking Union Worsen the EU’s Democratic Deficit? The Need for Greater Supervisory Data Transparency”, Journal of Common Market Studies, Volume 53, Issue 4, Pages 703–935,  July 2015 Does banking union exacerbate the European Union’s democratic deficit? Using Scharpf’s ‘input’ and ‘output’ legitimacy concepts, it is argued in this article that its design does worsen the democratic deficit. There are good reasons to limit ‘input legitimacy’ for …Read More

Germany, Not Greece, Should Exit the Euro

Mody, Ashoka, (2015), ” Germany, Not Greece, Should Exit the Euro”, Bloomberg View, 17 Ιουλίου The latest round of wrangling between Greece and its European creditors has demonstrated yet again that countries with such disparate economies should never have entered a currency union. It would be better for all involved, though, if Germany rather than Greece were the first to exit. Σχετικές Αναρτήσεις Gow, David, (2015), “Germany Undoes 70 Years …Read More

Germany Undoes 70 Years Of European Policy

Gow, David, (2015), “Germany Undoes 70 Years Of European Policy”, Social Europe Project, 17 Ιουλίου When I was a correspondent in Germany two decades ago, in the run-up to unification and thereafter, interviews with Helmut Kohl, Hans-Dietrich Genscher and other senior politicians – such as Wolfgang Schäuble, who negotiated the two Germanys into one – would always end with the mantra: “We want a European Germany, not a German Europe.” …Read More

Greece Surrendered, But The Real Defeat Was For Europe

Cox, Michael, (2015), “Greece Surrendered, But The Real Defeat Was For Europe”, Social Europe Journal, 16 Ιουλίου In a recent article on the Greek crisis, I argued that a much bigger game was being played out in Europe over Greece – and the name of that game was deterrence. In plain English, make the terms of any deal with any rebellious, indebted, government in Europe so tough – almost unacceptable – that …Read More

The new European Union

Wyplosz, Charles, (2015), “The new European Union“, Voxeu, 14 Ιουλίου The new bailout deal for Greece was not easy. This column argues that it was also a failure. It will not be enough to recapitalise banks, it asks for structural reform that exceeds Greek capacities, and it raises the Greek debt-to-GDP ratio to unsustainable levels. In a few months or quarters, the programme will fail and the Grexit question will …Read More

Saving Greece, Saving Europe

Eichengreen, Barry, (2015), “Saving Greece, Saving Europe”, Project Syndicate, 13 Ιουλίου Whatever one thinks about the tactics of Greek Prime Minister Alexis Tsipras’s government in negotiations with the country’s creditors, the Greek people deserve better than what they are being offered. Germany wants Greece to choose between economic collapse and leaving the eurozone. Both options would mean economic disaster; the first, if not both, would be politically disastrous as well. …Read More

France, Germany and the New Framework for EMU Governance

Maris, Georgios, Sklias, Pantelis, (2015), “France, Germany and the New Framework for EMU Governance”, Journal of Contemporary European Studies, Vol.23, Issue 2, 13 Ιουλίου The European crisis is the best case study for examining both the vulnerabilities of Europe’s framework for economic governance and the very process of European integration itself. This statement is true for several reasons: first, because the European crisis is the most serious crisis the European …Read More

The non-independent ECB

Wren Lewis, Simon, (2015), “The non-independent ECB”, Mainly Macro, 10 Ιουλίου Imagine that the Scottish National Party (SNP) had won the independence referendum. The SNP starts negotiating with the remaining UK (rUK) government over issues like how to split up national debt. On some issue the negotiations get bogged down. Rumours start circulating that this might mean that rUK will not form a monetary union with Scotland, and that Scotland …Read More

The political economy of financial crisis policy

Terzi, Alesio, O’ Keeffe, Michael, (2015), “The political economy of financial crisis policy”, Bruegel publications, 8 Ιουλίου Government intervention to stabilise financial systems in times of banking crises ultimately involves political decisions. This paper sheds light on how certain political variables influence policy choices during banking crises and hence have an impact on fiscal outlays. We employ cross-country econometric evidence from all crisis episodes in the period 1970-2011 to examine …Read More