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The Future of the Eurozone

How to Keep Europe Together: A Progressive Perspective from Germany

Autorzy: Alexander Schellinger, Philipp Steinberg Wydawnictwo: transcript-Verlag Data wydania: 2017 Język publikacji: Angielski Liczba stron: 202 Formaty publikacji: EAN: 9783839440810 ISBN: 9783839440810 Kategoria: International relations Indeks wydawcy: - Nota bibliograficzna: -

Opis

Europe is stumbling from crisis to crisis. The financial and debt crises are endangering the European currency union; referenda in several EU countries show widespread Euroscepticism; the economy is only slowly regaining momentum; unemployment remains high in many Member States; and the refugee crisis has deepened political divisions. We need an answer to the question of how to rescue the Euro and keep Europe together. In this volume, renowned German researchers and leading practitioners provide pragmatic recommendations. Their plea for a democratically legitimized Euro Finance Minister, a new economic approach, a common Eurozone budget, and minimum social standards are the prerequisites for a fair, stable, and prosperous Europe. "The Brexit referendum in the United Kingdom is the latest and perhaps most urgent wake-up call to reform the European Union and the Eurozone in particular. We do not need abstract institutional debates, but specific proposals to make sure the European Union advances economic and social prosperity for its citizens. I heartily recommend this book to all those who want to get an impression of a progressive perspective from Germany." (Sigmar Gabriel, Minister for Foreign Affairs, Germany) "Fixing the Eurozone, rather than just diagnosing its ills, requires asking those most commonly held to be harming it with their policies, the Germans. In this superb volume, the very best analysts of both German politics and Eurozone economics sift through the problems that hurt, the politics that limit action, and policies that are needed to make the Eurozone what it should be - a place that provides a stable and prosperous home for all Europeans after a lost decade of growth." (Mark Blyth, Professor of Political Economy at Brown University)

Spis treści

  • Contents 6
  • 1. Introduction: The future of the Eurozone 8
  • Part I: Challenges 20
  • 2. Has the Euro robbed Europe of democracy? 20
  • 3. The flaws in the design of the Economic and Monetary Union 38
  • 4. The social dimension of the Eurozone 52
  • Part II: Politics, Power, Ideas 70
  • 5. Germany’s own special path? 70
  • 6. Which reform path for the Eurozone? A mapping of political actors and their influence in the German debate 82
  • 7. The legal framework for reform projects and the role of the German Federal Constitutional Court 102
  • Part III: Reform Options 124
  • 8. Rethinking economic policy – a better fiscal framework for the Eurozone 124
  • 9. An institutional framework for a reformed Eurozone 146
  • 10. Developing the social dimension 162
  • 11. Plan B – retreat from integration? 176
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