Redefining European Economic Governance
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 EUs 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 harmonisation 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 analyses the major policy challenges and institutional mechanisms at the EU and international levels to combat the global financial crisis and the EUs sovereign debt crisis such as financial integration, fiscal cooperation, and the rising power of the ECB.
This book was previously published as a special issue of the Journal of European Integration.
Michele Chang (College of Europe), Georg Menz (Goldsmiths University of London) and Mitchell P. Smith (University of Oklahoma) are former co-chairs of the European Union Studies Associations Political Economy Interest Section.
Journal of European Integration Special Issues
Series editors:
Thomas Christiansen, Maastricht University, Netherlands
Simon Duke, European Institute of Public Administration, Netherlands
The Journal of European Integration book series is designed to make our Special Issues accessible to a wider audience. All of the themes covered by our Special Issues and the series are carefully selected with regard to the topicality of the questions addressed in the individual volumes, as well as to the quality of the contributions. The result is a series of books that are sufficiently short to appeal to the curious reader, but that also offer ample depth of analysis to appeal to the more specialist reader, with contributions from leading academics.
Representation and Democracy in the EU
Does one come at the expense of the other?
Edited by Richard Bellamy and Sandra Krger
Coping with Crisis: Europes Challenges and Strategies
Edited by Jale Tosun, Anne Wetzel and Galina Zapyanova
Globalization and EU Competition Policy
Edited by Umut Aydin and Kenneth Thomas
Redefining European Economic Governance
Edited by Michele Chang, Georg Menz and Mitchell P. Smith
PREVIOUSLY PUBLISHED BOOKS FROM THE JOURNAL
The Maastricht Treaty: Second Thoughts after 20 Years
Edited by Thomas Christiansen and Simon Duke
Europe after Enlargement
Edited by Yannis Stivachtis and Mark Webber
Euroscepticism within the EU Institutions
Diverging Views of Europe
Edited by Nathalie Brack and Olivier Costa
The Performance of the EU in International Institutions
Edited by Thomas Oberthr, Knud Erik Jrgensen and Jamal Shahin
Functional and Territorial Interest Representation in the EU
Edited by Michle Knodt, Christine Quittkat and Justin Greenwood
European Neighbourhood through Civil Society Networks?
Policies, Practices and Perceptions
Edited by James Wesley Scott and Ilkka Likanen
European Parliament Elections after Eastern Enlargement
Edited by Hermann Schmidt
The Common Agricultural Policy
Policy Dynamics in a Changing Context
Edited by Grace Skogstad and Amy Verdun
The External Dimension of Justice and Home Affairs
A Different Security Agenda for the European Union?
Edited by Sarah Wolff, Nicole Wichmann and Gregory Mounier
Policy Coherence and EU Development Policy
Edited by Maurizio Carbonne
The Future of European Foreign Policy
Edited by Erik Jones and Saskia van Genugten
The EU as a Global Player
The Politics of Interregionalism
Edited by Fredrick Soderbaum and Luk Van Langenhove
Redefining European Economic Governance
Edited by
Michele Chang, Georg Menz and Mitchell P. Smith
First published 2015
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Contents
Georg Menz & Mitchell P. Smith
Kenneth Dyson
Jonathan Yiangou, Mchel OKeeffe & Gabriel Glckler
Ledina Gocaj & Sophie Meunier
Michele Chang
Nikolaos Zahariadis
Francisco Torres
Dermot Hodson
David Andrews
David Howarth & Lucia Quaglia
Charlotte Rommerskirchen
Ramnas Vilpiauskas
The chapters in this book were originally published in the Journal of European Integration, volume 35, issue 3 (April 2013). When citing this material, please use the original page numbering for each article, as follows:
Chapter 1
Kicking the Can Down the Road to More Europe? Salvaging the Euro and the Future of European Economic Governance
Georg Menz & Mitchell P. Smith
Journal of European Integration, volume 35, issue 3 (April 2013) pp. 195206
Chapter 2
Sworn to Grim Necessity? Imperfections of European Economic Governance, Normative Political Theory, and Supreme Emergency
Kenneth Dyson
