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The EMU Crisis is a Battle of Nationalism Versus Transnationalism, not Economic Prescriptions

Menenberg, Aaron, (2012), ‘The EMU Crisis is a Battle of Nationalism Versus Transnationalism, not Economic Prescriptions’, www.economonitor.com, 30 August. The debate over how to save the euro and the economy of its union has taken shape around economic prescriptions. On the surface this makes sense; after all, the euro is the currency for seventeen national economies.    

Why a breakup of the Euro Area Must be Avoided: Lessons from Previous Breakups

Aslund Anders, (2012), ‘Why a breakup of the Euro Area Must be Avoided: Lessons from Previous Breakups’, www.iie.com, 22 August. One of the big questions of our time is whether the Economic and Monetary Union (EMU) will survive. Too often, analysts discuss a possible departure of one or several countries from the euro area as little more than a devaluation, but Åslund argues that any country’s exit from the euro …Read More

The Political Economy of the Crisis:The End of an Era?

Tsoukalis, Loukas, (2012), ‘The Political Economy of the Crisis:The End of an Era?’, Dahrendord Symposia Series Working Paper 2012-04. Τhe crisis we are going through will shape Europe and European integration for years to come; it also risks leading Europe down the road to disintegration. The crisis of the euro is part and parcel of a much broader crisis that has resulted from the bursting of the biggest bubble in …Read More

The Euro-Exit Taboo

Dadush, Uri,  (2012), ‘The Euro-Exit Taboo’, nationalinterest.org, 1 May. Stay or leave? Should Greece persist with its extreme austerity plan, or should it abandon the euro? What about Portugal? Spain? In mainstream political discourse, posing the question of euro exit is taboo. When Prime Minister Papandreou of Greece, an ardent European, unexpectedly proposed a national referendum on the matter (one he expected adherents to the euro to win) he was …Read More

Saving Europe: How National Politics Nearly Destroyed the Euro

Bastasin, Carlo, (2012), Saving Europe: How National Politics Nearly Destroyed the Euro, Washington: Brookings Institution Press. Three times in the few years since the global financial crisis erupted, the euro has come close to extinction, endangering both the world economy and history’s most ambitious project in shared sovereignty. Yet each time, the case for a common currency proved to be more compelling than its weaknesses, and the euro survived. Saving Europe reveals …Read More

European Member State Elites’ Diverging Visions of the European Union: Diverging Differently since the Economic Crisis and the Libyan Intervention’

Schmidt, Vivien, (2012), ‘European Member State Elites’ Diverging Visions of the European Union: Diverging Differently since the Economic Crisis and the Libyan Intervention’,  Journal of European Integration, Vol. 34, Issue 2, p.p.169-190. In the midst of the EU’s economic crisis and in the heat of the Libyan intervention, immediate concerns have seemingly crowded out consideration of the long-term issues that have been at the center of the major debates, such as …Read More

The Limits of European Integration

Medrano Díez, Juan, (2012), ‘The Limits of European Integration’, Journal of European Integration, Vol. 34, Issue 2,  p.p. 191-204. This article summarizes the special issue’s main findings and analytical contributions, challenges some of the arguments, and suggests ways of pushing the research agenda forward. The contributions to this special issue emphasize the penetration of European institutions by actors set on slowing down or reversing the process of European integration and the …Read More

Europe’s three dimensional crisis

Brown, Gordon, (2012), ‘Europe’s three dimensional crisis’, www.guardian.co.uk, 28January. In the rush to define Europe’s problems as fiscal, our deep-seated banking and competitiveness problems have been largely ignored. In the search for a simple, one-dimensional answer – austerity and, if that fails, more austerity – to what is a three-dimensional crisis, Europe’s leaders are failing to grasp the profound historical forces now reshaping Europe’s role in the world. For without complementary …Read More

The Shattering of illusions – And What Next?

Tsoukalis, Loukas, (2011), ‘The Shattering of illusions – And What Next?’, Journal of Common Market Studies, Annual Lecture, Volume 49, Issue Supplement 1, pages 19–44, September 2011. The European Union (EU) entered the new century on a wave of euroenthusiasm. Many people were convinced that integration was running fast again, and the process would be unstoppable. Some went further, predicting that the 21st century would be the century of Europe, …Read More