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The Resource The messy rebuilding of Europe, (electronic resource)

The messy rebuilding of Europe, (electronic resource)

Creator
Contributor
Summary
The euro crisis and subsequent policy responses have challenged the assumptions underpinning the governance of the euro area, and the relationship between the European Union's euro- and non-euro countries. The euro policy regime has become increasingly complex and difficult to manage, raising the question of the accountability of decision making to citizens. Complexity also threatens to create frustration for euro area members, which fear that initiatives to strengthen the euro will be hindered, and for non-euro members, which fear that they will be de-facto deprived of their say in decisions of major relevance to them. It is too early to determine if and how policy integration within the euro area will develop beyond its current limited monetary and budgetary remit. Alternative scenarios can be envisaged, from the building of a coherent euro area within the EU, to a fragmentation of the financial market and a generalised 'variable geometry'. Policy action should be based on the need to: Make room for deeper integration within the euro area, beyond the limited remit envisaged in the Lisbon treaty Preserve the integrity of the EU27 and its essential governance arrangements Ensure equal treatment in the application of common rules Ensure that candidates for euro-area membership have a voice in the definition of its rules Balance the requirements of legal clarity, accountability and efficiency with the desirability of experimentation through variable geometry
Language
eng
Work
Instance
Label
The messy rebuilding of Europe
Title
The messy rebuilding of Europe
Creator
Contributor
Language
eng
Summary
The euro crisis and subsequent policy responses have challenged the assumptions underpinning the governance of the euro area, and the relationship between the European Union's euro- and non-euro countries. The euro policy regime has become increasingly complex and difficult to manage, raising the question of the accountability of decision making to citizens. Complexity also threatens to create frustration for euro area members, which fear that initiatives to strengthen the euro will be hindered, and for non-euro members, which fear that they will be de-facto deprived of their say in decisions of major relevance to them. It is too early to determine if and how policy integration within the euro area will develop beyond its current limited monetary and budgetary remit. Alternative scenarios can be envisaged, from the building of a coherent euro area within the EU, to a fragmentation of the financial market and a generalised 'variable geometry'. Policy action should be based on the need to: Make room for deeper integration within the euro area, beyond the limited remit envisaged in the Lisbon treaty Preserve the integrity of the EU27 and its essential governance arrangements Ensure equal treatment in the application of common rules Ensure that candidates for euro-area membership have a voice in the definition of its rules Balance the requirements of legal clarity, accountability and efficiency with the desirability of experimentation through variable geometry
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Pisani-Ferry, Jean
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Sapir, André
  • Wolff, Guntram
  • Bruegel
Series statement
Bruegel policy briefs
Series volume
2012/01
Label
The messy rebuilding of Europe, (electronic resource)
Link
http://bruegel.org/publications/
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17106916
Extent
8 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088491678
Label
The messy rebuilding of Europe, (electronic resource)
Link
http://bruegel.org/publications/
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17106916
Extent
8 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088491678

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