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The Management of the Costs of Crisis Management Eurozone, EU 2020 and the Future of European Integration

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  • András Inotai
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    Abstract

    Although the European Union (EU) was not the main source of the global financial and economic crisis, as one of the leading economic players, it was fundamentally affected by the immediate and longer-term consequences of the crisis. Similarly, it is expected that it would play an important role in how to get out of the crisis (not yet clear, whether a passive or an active one). Almost all areas of community-level and member-state-based economic policy were affected by the crisis. Three of them have been chosen to be addressed in this paper. First, the challenge to the Eurozone and the common currency, as an immediate impact of the crisis will be dealt with. Second, as a coordinated answer to crisis management and post-crisis coordinating (and decision-making) mechanism, the idea of European Economic Governance will be analyzed. Third, in a longer-term perspective of post-crisis sustainable growth, the EU 2020 project will be shortly described and assessed.

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    Bibliographic Info

    Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

    Volume (Year): (2011)
    Issue (Month): 2 ()
    Pages: 3-17

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    Handle: RePEc:bas:econst:y:2011:i:2:p:3-17

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    1. Rainer Brüderle & Georg Fahrenschon & Carsten Hefeker & Rainer Schweickert & Konrad Lammers, 2010. "Ist eine europäische Wirtschaftsregierung eine sinnvolle Option?," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 63(14), pages 03-19, 07.
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