Cooperação e competição na Zona Euro
Notoriously, the fiscal architecture of the common currency was flawed in several respects from the very start. Less well known are the flaws in the political architecture of the Economic and Monetary Union. This is characterised by a system of incentives that thwarts all efforts towards an overall...
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| Format: | Article |
| Language: | English |
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Observatório Político
2019-03-01
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| Series: | Political Observer |
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| Online Access: | http://rpcp.pt/index.php/rpcp/article/view/14 |
| _version_ | 1827950713018253312 |
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| author | Gabriele De Angelis |
| author_facet | Gabriele De Angelis |
| author_sort | Gabriele De Angelis |
| collection | DOAJ |
| description |
Notoriously, the fiscal architecture of the common currency was flawed in several respects from the very start. Less well known are the flaws in the political architecture of the Economic and Monetary Union. This is characterised by a system of incentives that thwarts all efforts towards an overall macro-economic stabilisation of the Eurozone. There are two possible solutions to this problem: one is the political union, to be brought about by means of an additional transfer of economic and fiscal sovereignty and a corresponding mechanism of political legitimacy, or different fiscal rules within the current structure of political governance. The essay expounds upon these two options while taking into account the European Commission’s most recent reform proposals. It furthermore assesses the hurdles that the latter will have to overcome against the background of the preferences of the most influential Member States.
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| first_indexed | 2024-04-09T13:30:59Z |
| format | Article |
| id | doaj.art-9ecdc011686d4f2ea731451e53f4d138 |
| institution | Directory Open Access Journal |
| issn | 2795-4757 2795-4765 |
| language | English |
| last_indexed | 2024-04-09T13:30:59Z |
| publishDate | 2019-03-01 |
| publisher | Observatório Político |
| record_format | Article |
| series | Political Observer |
| spelling | doaj.art-9ecdc011686d4f2ea731451e53f4d1382023-05-10T02:21:00ZengObservatório PolíticoPolitical Observer2795-47572795-47652019-03-011010.33167/2184-2078.RPCP2018.10/pp.45-64Cooperação e competição na Zona EuroGabriele De Angelis0Instituto de Filosofia da Nova Universidade Nova de Lisboa, Portugal; gabriele.deangelis@fcsh.unl.pt Notoriously, the fiscal architecture of the common currency was flawed in several respects from the very start. Less well known are the flaws in the political architecture of the Economic and Monetary Union. This is characterised by a system of incentives that thwarts all efforts towards an overall macro-economic stabilisation of the Eurozone. There are two possible solutions to this problem: one is the political union, to be brought about by means of an additional transfer of economic and fiscal sovereignty and a corresponding mechanism of political legitimacy, or different fiscal rules within the current structure of political governance. The essay expounds upon these two options while taking into account the European Commission’s most recent reform proposals. It furthermore assesses the hurdles that the latter will have to overcome against the background of the preferences of the most influential Member States. http://rpcp.pt/index.php/rpcp/article/view/14Eurogovernança económicalegitimidade políticareformas institucionaisUnião Económica e Monetária da União Europeia |
| spellingShingle | Gabriele De Angelis Cooperação e competição na Zona Euro Political Observer Euro governança económica legitimidade política reformas institucionais União Económica e Monetária da União Europeia |
| title | Cooperação e competição na Zona Euro |
| title_full | Cooperação e competição na Zona Euro |
| title_fullStr | Cooperação e competição na Zona Euro |
| title_full_unstemmed | Cooperação e competição na Zona Euro |
| title_short | Cooperação e competição na Zona Euro |
| title_sort | cooperacao e competicao na zona euro |
| topic | Euro governança económica legitimidade política reformas institucionais União Económica e Monetária da União Europeia |
| url | http://rpcp.pt/index.php/rpcp/article/view/14 |
| work_keys_str_mv | AT gabrieledeangelis cooperacaoecompeticaonazonaeuro |