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Two-Speed Europe And Romania’S Position

Author

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  • Petre Prisecaru

Abstract

Two-speed or multi-speed Europe and other concepts related to differential or flexible integration occurred in the 90's after Maastricht, and led to the introduction into the Treaties of some provisions on enhanced cooperation. After the failure of the Constitutional Treaty, and especially after the strong shock triggered by Brexit, the idea of a two-speed Europe came up again, leading to Scenario No. 3 (out of 5) advanced by the President of the European Commission regarding the EU evolution until 2025, presented on March 1, 2017, and promoted by the hard core of the European Community, but not endorsed by countries outside the euro area. In Rome on March 25, 2017, EU Member States have expressed their intention of joint action, with different paces and intensities where necessary, but going in the same direction as in the past, in accordance with the Treaties and keeping the door open to those wishing to join later.

Suggested Citation

  • Petre Prisecaru, 2017. "Two-Speed Europe And Romania’S Position," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 9(2), pages 49-66.
    • Handle: RePEc:iem:journl:v:9:y:2017:i:2:p:49-66
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    File URL: http://iem.ro/rem/index.php/REM/article/view/578/639
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    More about this item

    Keywords

    two-speed Europe; differential integration; enhanced cooperation; Brexit; scenario; the hard core;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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