The Eurozone Crisis, Institutional Change, and “Political Union”

PL photoProf. Peter Lindseth

I’ve been on a bit of a blogging hiatus these last several months because of both administrative duties and the professional obligation to disseminate my views the old-fashioned way, via scholarly articles, book chapters, and the like.  One of those efforts has just appeared in a new (and free) e-book, Political, Fiscal and Banking Union in The Eurozone?, now available from the FIC Press, the publishing arm of the Financial Institutions Center at the Wharton School at the University of Pennsylvania.  My contribution, ‘The Eurozone Crisis, Institutional Change, and “Political Union”’ (pp.147-61), builds on some ideas I previously published on this blog here.  The publisher’s blurb for the book is below and the full book may be downloaded here free-of-charge.

The European University Institute (EUI) and the Wharton Financial Institutions Center (FIC, Wharton School, University of Pennsylvania) organised a conference entitled “Political, Fiscal and Banking Union in the Eurozone” at the EUI in Florence, Italy, on 25 April 2013. The event was financed by the PEGGED project (Politics, Economics and Global Governance: The European Dimension) and a Sloan Foundation grant to the FIC. The conference brought together leading economists, lawyers, political scientists and policy makers to assess the prospects and potential for, as well as obstacles to, the various forms and degrees of integration needed within the Eurozone in order to address the root causes of Europe’s current malaise. The aim was for open discussion and debate on the relationships between these different levels of union. Was one type of union achievable without the other? Or would the intractable difficulties of achieving each level of union spill over to lessen the chances of the other ever being a likely practical possibility?

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