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The Economic and Political Crisis of the EU Polity: A Review Essay

Author

Listed:
  • Fulvio Stamati

    (Dipartimento di Scienze Sociali e Politiche, Università di Milano)

Abstract

The present essay reviews nineteen volumes, published in English between 2012 and 2016, which contributed to the Eurozone crisis debate. Before contrasting different perspectives on the Eurozone crisis, it focuses on core-periphery dynamics within the EU. Then, it sheds light on the wider debate on EU polity-building and democracy. Finally, it discusses a number of proposals for exiting the crisis. Overall, the reviewed contributions suggest that the political and economic crisis of the EU is a crisis of its rules. Legal centralism and technocratic integration made the EU vulnerable to the crisis and kept it fragile afterwards. The readings suggest many ways to strengthen and complete the EU polity. Not all of them look viable. The most promising ones, however, bring new focus on an old idea: the principle of subsidiarity and its potential to recast EU politics, economics and law.

Suggested Citation

  • Fulvio Stamati, 2017. "The Economic and Political Crisis of the EU Polity: A Review Essay," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 51(2), pages 289-315, December.
    • Handle: RePEc:fle:journl:v:51:y:2017:i:2:p:289-315
    DOI: 10.26331/1026
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    More about this item

    Keywords

    European Union; Crisis; Euro; Law; Democracy;
    All these keywords.

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Y30 - Miscellaneous Categories - - Book Reviews - - - Book Reviews

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