Tuesday, 26 May 2015 15:25

WP 1/2015 Governing the European Union After its “Phase Change”: New Ideas, New Values

M. Ferrera

ABSTRACT - The European Union – and the Euro-zone in particular- is currently torn by a number of widening fault lines. What is at stake is not only economic and institutional performance, but the very stability / continuity of the Union as a political system. The first and most visible fault line concerns the functioning of EMU and opposes North and South, "core" and “peripheral”, "creditor" and "debtor" Member States. The second line runs from West to East and mainly concerns the free movement of persons, capital and services in the internal market. It pits countries with consolidated welfare and high taxes/contributions against countries with relatively limited welfare, low labor costs and low regulation. The third line is rooted in the institutional asymmetry of the EU system of government, programmatically tilted in favor of market-making and against market correcting policies. The fourth line is, finally, of a vertical nature: “Brussels” (supranational institutions) against national governments and their sovereignty in policy areas deemed crucial for democratic legitimation and social cohesion [...]

Subscribe To Our Newsletter

Terms and Conditions


Twitter Feeds

This site uses cookies

for the operation of the platform and for statistics . Continue if you agree.

I understand