The EU and the Eurozone Crisis: Policy Challenges and Strategic Choices, 1st Edition (Hardback) book cover

The EU and the Eurozone Crisis

Policy Challenges and Strategic Choices, 1st Edition

By Finn Laursen

Routledge

242 pages

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Description

The global financial crisis, which started in the United States in 2007, spread to Europe in 2009. It especially hit Portugal, Ireland, Italy, Greece, and Spain, countries which have introduced the single currency, the euro. These eurozone countries no longer have monetary policy autonomy, so they do not have the option of devaluation to increase competitiveness. The crisis has shown that the Economic and Monetary Union (EMU) created in 1993, and which led to the single currency in 1999, is faulty. Its built-in asymmetry, with centralised monetary policy and decentralised fiscal policy, should be expected to create problems. Part of the response to the crisis so far has been incremental moves towards fiscal and banking union, which will mean a deepening of European integration at a time when many observers believed that a certain equilibrium had been reached after the entry into force of the Lisbon Treaty in 2009. This book focuses on these developments as well as analysing other economic policies that affect the general economic welfare of the EU, including agriculture, trade and immigration policies. The book puts the eurozone crisis into the wider context of deepening and widening.

Reviews

’The Eurozone crisis is perhaps the most relevant event in European politics since the end of World War II. This book is an important contribution to understanding the current path of the European integration process, not only in relation to this crisis, but in other policy areas. It is a valuable contribution for students and scholars of European politics.’ Susana Borrás, Copenhagen Business School, Denmark

About the Author

Finn Laursen, Canada Research Chair in EU Studies and Professor of Political Science, Dalhousie University, Halifax, NS, Canada.

About the Series

The International Political Economy of New Regionalisms Series

The International Political Economy of New Regionalisms Series
The International Political Economy of New Regionalisms Series presents innovative analyses of a range of novel regional relations and institutions. Going beyond established, formal, interstate economic organizations, this essential series provides informed interdisciplinary and international research and debate about myriad heterogeneous intermediate-level interactions. Reflective of its cosmopolitan and creative orientation, this series is developed by an international editorial team of established and emerging scholars in both the South and North. It reinforces ongoing networks of analysts in both academia and think-tanks as well as international agencies concerned with micro-, meso- and macro-level regionalisms.

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Subject Categories

BISAC Subject Codes/Headings:
POL058000
POLITICAL SCIENCE / World / European