No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis.
After the financial crisis had fully broken out in 2008 there were strong statements about the need for reforms. However, the official EU statements kept a lower profile from the beginning for several reasons. The existing structures and procedures have created a strong path dependency. This does n...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10196 |
| _version_ | 1811172359425490944 |
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| author | Peter Wahl |
| author_facet | Peter Wahl |
| author_sort | Peter Wahl |
| collection | DOAJ |
| description |
After the financial crisis had fully broken out in 2008 there were strong statements about the need for reforms. However, the official EU statements kept a lower profile from the beginning for several reasons. The existing structures and procedures have created a strong path dependency. This does not mean that there is no alternative. But it takes time to implement change and it is very difficult to make it real – at least as long as one does not want to give up democracy. This is why the crisis management in place is confined to muddling through.
JEL Codes: G28, D72, N24
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| first_indexed | 2024-04-10T17:28:41Z |
| format | Article |
| id | doaj.art-f77f441775914cbf855cdb19cc1cd280 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:28:41Z |
| publishDate | 2013-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-f77f441775914cbf855cdb19cc1cd2802023-02-03T16:51:42ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-01-016526310.13133/2037-3643/10196No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis.Peter Wahl After the financial crisis had fully broken out in 2008 there were strong statements about the need for reforms. However, the official EU statements kept a lower profile from the beginning for several reasons. The existing structures and procedures have created a strong path dependency. This does not mean that there is no alternative. But it takes time to implement change and it is very difficult to make it real – at least as long as one does not want to give up democracy. This is why the crisis management in place is confined to muddling through. JEL Codes: G28, D72, N24 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10196financial reformEuropean Unionfinancial crisis |
| spellingShingle | Peter Wahl No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis. PSL Quarterly Review financial reform European Union financial crisis |
| title | No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis. |
| title_full | No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis. |
| title_fullStr | No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis. |
| title_full_unstemmed | No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis. |
| title_short | No, they can't!” The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis. |
| title_sort | no they can t the potential and limitations of the eu as a supranational state in the making to reform finance and overcome the crisis |
| topic | financial reform European Union financial crisis |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10196 |
| work_keys_str_mv | AT peterwahl notheycantthepotentialandlimitationsoftheeuasasupranationalstateinthemakingtoreformfinanceandovercomethecrisis |