‘Maastricht Plus’: Managing the Logic of Inherent Imperfections

  title={‘Maastricht Plus’: Managing the Logic of Inherent Imperfections},
  author={K. Dyson},
  journal={Journal of European Integration},
  pages={791 - 808}
  • K. Dyson
  • Published 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… Expand
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