Advanced Search
MyIDEAS: Login to save this paper or follow this series

Europe's Economic Constitution in Crisis

Contents:

Author Info

  • Christian Joerges

    ()
    (University of Bremen - Faculty Law)

Registered author(s):

    Abstract

    The European Union is in troubled waters. Its original reliance on law as the object and agent of the integration project and the "economic constitution" which Economic and Monetary Union as accomplished by the Maastricht Treaty were expected to complete proved to be unsustainable. Following the financial and the sovereign debt crises, Economic and Monetary Union with its commitments to price stability and monetary politics is perceived as a failed construction precisely because of its reliance on inflexible rules. The European crisis management seeks to compensate for these failures by means of regulatory machinery which disregards the European order of competences, dis-empowers national institutions, burdens, in particular, Southern Europe with austerity measures; it establishes pan-European commitments to budgetary discipline and macroeconomic balancing. The ideal of a legal ordering of the European economy is thus abolished while the economic and social prospects of these efforts seem gloomy and the Union's political legitimacy becomes precarious. The present critical constellation is addressed in a fictitious dispute between Carl Schmitt and JŸrgen Habermas, in which a number of Schmittian notions seem alarmingly realistic. The essay pleads for a more modest Europe committing itself to "unity in diversity," the motto of the ill-fated Constitutional Treaty of 2003.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2179595
    File Function: First version, 2012
    Download Restriction: no

    Bibliographic Info

    Paper provided by ZenTra - Center for Transnational Studies in its series ZenTra Working Papers in Transnational Studies with number 06 / 2012.

    as in new window
    Length: 28 pages
    Date of creation: Nov 2012
    Date of revision: Nov 2012
    Handle: RePEc:zen:wpaper:06

    Contact details of provider:
    Postal: 26111 Oldenburg
    Phone: +49 441 798-4117
    Fax: +49 441 798-4116
    Email:
    Web page: http://www.zen-tra.de/
    More information through EDIRC

    Related research

    Keywords: Max Weber' economic nationalism; European economic constitution; Karl Polanyi's fictitious commodities; Economic and Monetary Union; Union method (Unionsersatzrecht); Maastricht judgment; Euro crisis; Economic governance; Greek rescue package; Carl Schmitt's Gro§raum; Transnational democracy;

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:zen:wpaper:06. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Finn Marten Koerner).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.