The euro crisis through two paradigms: interpreting the transformation of the European economic governance

The euro crisis has put to test the intergovernmental decision-making regime institutionalized by the 2009 Lisbon Treaty for dealing with the economic policy side of the Economic and Monetary Union. Under the pressure of the euro collapse, the heads of state and government have introduced new legal...

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Veröffentlicht in:European politics and society (Abingdon, England) England), 2017-07, Vol.18 (3), p.318-332
1. Verfasser: Fabbrini, Sergio
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description The euro crisis has put to test the intergovernmental decision-making regime institutionalized by the 2009 Lisbon Treaty for dealing with the economic policy side of the Economic and Monetary Union. Under the pressure of the euro collapse, the heads of state and government have introduced new legal measures and intergovernmental treaties that have radically transformed the European economic governance. How to interpret this transformation? The article discusses two of the main paradigms (liberal intergovernmentalism and neo-functionalism) used by scholars for interpreting the EU, showing their weakness in explaining that transformation. Looking at the euro crisis institutional implications through the two paradigms is a necessary exercise for elaborating a more comprehensive approach to the changes in the European economic governance.
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source Worldwide Political Science Abstracts; Political Science Complete
subjects Crises
Decision making
Economic and Monetary Union
Economic crisis
Economic policy
Euro
Euro crisis
European economic governance
European Monetary Union
Functionalism
Governance
Heads of state
Intellectuals
Intergovernmentalism
liberal intergovernmentalism
Monetary unions
neo-functionalism
Paradigms
Radicalism
Strength
Transformation
Treaties
title The euro crisis through two paradigms: interpreting the transformation of the European economic governance
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