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‘constraint’ function of constitutionalism rather than on the actual ‘constitution’ of power in a socio-political sense. The … of this sort genuinely ‘metabolic’ constitution in the EU—one unmediated through the member states—is the true Rubicon …
Persistent link: https://www.econbiz.de/10013247588
For many advocates of European integration in the late 1940s and early 1950s, the seeming example of technocratic independence under the New Deal offered a justification for the delegation of regulatory power to autonomous supranational bodies. The New Deal represented, from this perspective,...
Persistent link: https://www.econbiz.de/10014138659
Persistent link: https://www.econbiz.de/10012593395
Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be extended to the analysis of the economic-political effect of narratives in the context of the European core-periphery divide, which intensified after the European sovereign-debt...
Persistent link: https://www.econbiz.de/10014433720
For hundreds of years, European states have waged war with one another. Only since the XIX century, more than 40 wars (including 3 global wars) have devastated the continent and decimated its population. The European Union has provided the longest period of peace and prosperity that the citizens...
Persistent link: https://www.econbiz.de/10013072425
Covid-19 crisis (2020-2021) was significantly more countercyclical than before - in particular in the Eurozone. We do not … performance over 2020-2021 was more in line with the past than for discretionary fiscal policy. Overall, fiscal policy in non-Eurozone … advanced countries is more countercyclical than in the Eurozone. However, the cyclicality varies markedly across countries. Our …
Persistent link: https://www.econbiz.de/10013373264
The euro area crisis was characterised by a negative feedback loop between banks and sovereigns. The paper aims to indicate the genesis of this phenomenon and to determine the scale of its operation during the crisis and post-crisis conditions, as well as to identify the threats it brings. In...
Persistent link: https://www.econbiz.de/10012417814
This paper analyses the EU's response to the Eurozone sovereign debt crisis. It examines the background to the crisis … inside and outside the Eurozone. Consequently, the paper concludes that these fault lines will characterize the future of …
Persistent link: https://www.econbiz.de/10009788040
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548