Articlegreen2015

EMU and Sustainable Integration

Iain Begg · Annette Bongardt · Kalypso Nicolaïdis · Francisco Torres

37 citations0/0 files storedJournal of European Integration

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European Monetary and Fiscal Policies European Union Policy and Governance European Socioeconomic and Political Studies

Abstract

This paper considers what will be required to make Economic and Monetary Union (EMU) sustainable following the successive crises of recent years. It starts by laying out the policy benchmark, namely the successive ‘President Reports’ produced by EU institutions. It then suggests three dimensions of sustainable integration relevant to EMU, namely the pursuit of sustainable growth, the need to take into account what we call ‘varieties of modernisation’ and the ‘ownership’ of democratically sustainable reforms. It then evaluates the recasting of EMU governance against the benchmark of sustainable integration.

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References

2014Capital in the Twenty-First Century 2006The "Stern Review" on the Economics of Climate Change 2012Democracy and Legitimacy in the European Union Revisited: Input, Output and ‘Throughput’2011The Globalization Paradox: Democracy and the Future of the World Economy 2013Austerity: The History of a Dangerous Idea 2012Can the Politicization of European Integration be Reversed?*2015The Euro Crisis’ Theory Effect: Northern Saints, Southern Sinners, and the Demise of the Eurobond 2012E uropean Demoicracy and Its Crisis

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