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The building of economic governance in the European Union

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  • Amy Verdun

    (University of Victoria)

Abstract

This article seeks to shed light on the development over the past decades of the concept of economic governance. It asks what is understood by economic governance and what role the social dimension has played. The article offers an analysis of the problems and possible issues confronting the EU as it seeks ways to address the sovereign debt crisis by embarking on deeper economic integration. The article concludes that from the early days there have been questions about the exact interaction between economic and monetary integration and thus between ‘economic’ and ‘monetary’ union. Despite Delors’ original inclination, few were willing to establish any linkage between EMU and social matters. The crises have again brought out the need to consider the two in tandem. Moreover, with the increased role in economic governance accorded to EU-level institutions, there is a need to rethink the EU democratic model.

Suggested Citation

  • Amy Verdun, 2013. "The building of economic governance in the European Union," Transfer: European Review of Labour and Research, , vol. 19(1), pages 23-35, February.
    • Handle: RePEc:sae:treure:v:19:y:2013:i:1:p:23-35
    DOI: 10.1177/1024258912469343
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    References listed on IDEAS

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    1. Dyson, Kenneth & Featherstone, Kevin, 1999. "The Road To Maastricht: Negotiating Economic and Monetary Union," OUP Catalogue, Oxford University Press, number 9780198296386.
    2. Scharpf, Fritz W., 2002. "The European Social Model: Coping with the challenges of diversity," MPIfG Working Paper 02/8, Max Planck Institute for the Study of Societies.
    3. Barry Eichengreen, 2012. "European Monetary Integration with Benefit of Hindsight," Journal of Common Market Studies, Wiley Blackwell, vol. 50(S1), pages 123-136, March.
    4. Amy Verdun, 2012. "Introduction to the Symposium: Economic and Monetary Union and the Crisis of the Eurozone," Journal of Common Market Studies, Wiley Blackwell, vol. 50(6), pages 863-865, November.
    5. Benedicta Marzinotto & Guntram B. Wolff & Mark Hallerberg, 2011. "How effective and legitimate is the European semester? Increasing role of the European parliament," Bruegel Working Papers 612, Bruegel.
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    Cited by:

    1. Christoph Hermann, 2017. "Crisis, structural reform and the dismantling of the European Social Model(s)," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 38(1), pages 51-68, February.

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