Zwangsjacke Euro. Die Fehlkonstruktion des Europäischen Economic Governance-Systems
The persistence of the European Monetary Union (EMU) is being questioned from all different political and economic orientations arguing that it is not in the economic interest of its member states to maintain the EMU but involving costs that could be avoided if EMU would be abandoned. In stark contrast to these opinions, most actors that are politically responsible cling to the project Euro and the European Commission even believes that the European Economic Governance System (EEGS), in which the Eurozone is embedded, is the institutionalized guarantor of stability of the real economy in an environment which has become more instable after the World Financial Crisis after 2008. This paper argues that - contrary to the European Commission’s claim - the EEGS has failed in managing the aftermath of the World Financial Crisis appropriately and that it has turned the Euro into a straightjacket which threatens to strangle some its member state.
Volume (Year): 40 (2014)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: Prinz Eugen-Strasse 20, A-1040 Wien|
Phone: +43 1 50165
Web page: http://wien.arbeiterkammer.at/
More information through EDIRC
|Order Information:|| Postal: Kammer für Arbeiter und Angestellte für Wien, Abt. WW-Stat., Prinz Eugen Strasse 20-22, 1040 Wien Austria|
Web: http://www.wirtschaftundgesellschaft.at Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ludger Schuknecht, 2005. "Stability and Growth Pact: issues and lessons from political economy," International Economics and Economic Policy, Springer, vol. 2(1), pages 65-89, 06.
- Barry Eichengreen, 1997.
"Saving Europe's Automatic Stabilisers,"
National Institute Economic Review,
National Institute of Economic and Social Research, vol. 159(1), pages 92-98, January.
- Barry Eichengreen., 1996. "Saving Europe's Automatic Stabilizers," Center for International and Development Economics Research (CIDER) Working Papers C96-082, University of California at Berkeley.
- Eichengreen, Barry, 1996. "Saving Europe's Automatic Stabilizers," Center for International and Development Economics Research, Working Paper Series qt9zb6q3ms, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Barry Eichengreen, 1998. "Saving Europe's Automatic Stabilizers," Macroeconomics 9805013, EconWPA.
- Barry Eichengreen & Charles Wyplosz, 1998. "The Stability Pact: more than a minor nuisance?," Economic Policy, CEPR;CES;MSH, vol. 13(26), pages 65-113, 04.
- Alberto Alesina & Roberto Perotti, 1995. "The Political Economy of Budget Deficits," IMF Staff Papers, Palgrave Macmillan, vol. 42(1), pages 1-31, March.
- Servaas Deroose & Dermot Hodson & Joost Kuhlmann, 2008. "The Broad Economic Policy Guidelines: Before and After the Re-launch of the Lisbon Strategy," Journal of Common Market Studies, Wiley Blackwell, vol. 46, pages 827-848, 09.
- Arne Heise, 2011. "European Governance: Institutionelle Reformen nach der Krise," Wirtschaftsdienst, Springer;German National Library of Economics, vol. 91(9), pages 634-642, September.
- Arne Heise, 2008. "European economic governance: what is it, where are we and where do we go?," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 3(1/2), pages 1-19.
- Heise, Arne, 2011. "'European Governance: The EU gets tough' - Institutionelle Reformen nach der Krise," Working Papers on Economic Governance 38, University of Hamburg, Department of Socioeconomics.
- Gianluca Cafiso, 2012. "Debt developments and fiscal adjustment in the EU," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 47(1), pages 61-72, January.
- Pusch, Toralf, 2012. "The role of uncertainty in the euro crisis: A reconsideration of liquidity preference theory," Discussion Papers 31, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
- Arne Heise & Özlem Görmez Heise, 2010. "Europäische Wirtschaftsregierung - Notwendige Ergänzung der EWU oder unrealistische Illusion?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 36(3), pages 325-347. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:clr:wugarc:y:2014v:40i:1p:17. 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: (Sepp Zuckerstaetter)
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.