‘Maastricht Plus’: Managing the Logic of Inherent Imperfections

@article{Dyson2012MaastrichtPM,
  title={‘Maastricht Plus’: Managing the Logic of Inherent Imperfections},
  author={Kenneth H. F. Dyson},
  journal={Journal of European Integration},
  year={2012},
  volume={34},
  pages={791 - 808}
}
  • K. Dyson
  • Published 29 October 2012
  • Economics
  • Journal of European Integration
Abstract Seen from the perspective of the interconnected excessive imbalances, banking, and sovereign debt crises that beset the Euro Area from 2007, the central inadequacy of the Maastricht Treaty was the failure to address the problem of the inherent imperfections of any provisions for crisis prevention and management in Economic and Monetary Union. The inadequacy stemmed from a cluster of naïve assumptions: about state capacity to comply with Treaty-based rules to prevent crises; about the… 
European integration in the time of mistrust
This paper reviews the debate on completing the institutional architecture of the European Economic and Monetary Union (EMU). In response to the sovereign debt crisis, reforms have resulted in
Mediating the German Ideology: Ordoliberal Framing in European Press Coverage of the Eurozone Crisis
Abstract The German Government has played a leading role in the Eurozone crisis management, largely characterised by a commitment to fiscal austerity and supply-side structural reforms. The
How Domestic Politics Shaped the French Government's Position During the Euro Crisis
Abstract Throughout the euro crisis, the French government has pushed to invert the rules of the Maastricht Treaty. After the height of the crisis had been overcome, one can see the success of the
Sworn to Grim Necessity? Imperfections of European Economic Governance, Normative Political Theory, and Supreme Emergency
Abstract This contribution examines the Euro Area crisis and European economic governance reforms through a less technocratic lens. It argues for the need to reframe debate around foundation issues
Democracy and Diversity in Financial Market Regulation
__Abstract__ Financial markets have become acknowledged as a source of crisis, and discussion of them has shifted from economics, through legal and regulatory studies, to politics. Events from
The ECB and the Quest for Competitiveness of the Eurozone: From the Competitive Devaluation of the Euro to QE
Abstract That the lack of competitiveness of EU member states in the wake of the globalization era was a problem from the start of EMU is clear from the various interventions on this issue by the
What do Eurozone academics think about EMU reform? On broad support and German exceptionalism. Bruges Political Research Papers 41/2015.
This paper is an empirical contribution to the literature on the formation of policy preferences on Economic and Monetary Union (EMU) reform within its Member States. In the aftermath of the euro
Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro
Analysis of the German response to the euro crisis has been framed around a narrative of the relationship between domestic sacrifice and hegemony and sustains an assumption that the German commitment
Competitiveness and EMU: The Three Phases of the Quest for Competitiveness
The first part of this book deals with the supranational dimension of capitalist restructuring, and, in particular, with understanding the political economy of the Euro and of the Eurozone. Within
Crisis-driven reforms and local discretion: an assessment of Italy and Spain
  • S. Bolgherini
  • Political Science
    Italian Political Science Review/Rivista Italiana di Scienza Politica
  • 2015
The recent and still enduring global economic and financial crisis deeply impacted the institutional framework in Italy and Spain by prompting a series of reforms, which ultimately re-shaped the
...
...

References

SHOWING 1-10 OF 28 REFERENCES
Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht
Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht. By James D. Savage. Oxford: Oxford University Press, 2005. 239p. $85.00. As all students of contemporary
Economic and Monetary Disunion
Economic and monetary ‘disunion’ is a problematic concept. It can refer to the absence of union. In this weaker sense of deficient solidarity, disunion means that the European Union (EU) lacks
Sworn to Grim Necessity? Imperfections of European Economic Governance, Normative Political Theory, and Supreme Emergency
Abstract This contribution examines the Euro Area crisis and European economic governance reforms through a less technocratic lens. It argues for the need to reframe debate around foundation issues
The evolving timescapes of European economic governance: contesting and using time
This article examines the ambivalent character of time in European economic governance and how it is conceptualized, especially by its constituent expert élites. On the one hand, it serves to
The Politics of the Euro-Zone: Stability or Breakdown?
The Euro-Zone represents the single most important step in European Integration since 1957 and one of the boldest economic, monetary, and political projects in modern history. In this first major
Fifty Years of Economic and Monetary Union: A Hard and Thorny Journey
‘Hard and thorny’ though its path may be, the Economic and Monetary Union (EMU) has been a constant presence in debates about European integration. Remarkably, in the light of a widespread
The Road To Maastricht: Negotiating Economic and Monetary Union
Economic and monetary union in the European Union represents a massive change for Europe and for the world. The Road to Maastricht identifies why the agreement was possible and how the agreement was
Ruling Europe: The Politics of the Stability and Growth Pact
Foreword Jean-Claude Juncke 1. The politics of the Stability and Growth Pact Part I: 2. States, intergovernmentalism and negotiating the SGP 3. Opening the box: a domestic politics approach to the
The Birth of the Euro
Today, 318 million people in 15 countries use the Euro, which now rivals the importance of the US Dollar in the world economy. This is an outcome that few would have predicted with confidence when
The Law of Peoples
The Law of Peoples John Rawls Harvard 1999 John Rawls, the great political philosopher, has turned his reflections to questions of international justice, much as his philosophical ancestor Kant did
...
...