By Anton Hemerijck, Ben Knapen, Ellen van Doorne
Even though it will be untimely to presume to spot the precise repercussions of the present monetary challenge, it truly is transparent that it'll have profound results within the political, fiscal, and social spheres. Written in the middle of the private monetary situation because the nice melancholy, Aftershocks comprises twenty-four essays—based on interviews with students, well known eu politicians, and prime figures from company and banking—that contemplate the origins of the challenge in addition to the prospective social, fiscal, and political variations it may possibly engender. one of the participants are Barry Eichengreen, Tony Atkinson, David Soskice, Nancy Birdsall, Amitai Etzioni, Helmut Schmidt, and Jacques Delors.
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Additional resources for Aftershocks: Economic Crisis and Institutional Choice
Changing this will be difficult, because the ECB is based on the European Treaty, which is extraordinarily tough to amend (all 27 member countries must agree to any changes). As the crisis lengthens and deepens, the absence of close cooperation between the European fiscal authorities on the one hand, and the ECB bankers on the other, will make both groups progressively less effective. This comes in addition to the problems the ECB encounters as a result of the absence of even a minimal ‘fiscal Europe’.
2008), ‘Lessons from the Global Crisis for Social Democrats’, Den Uyl Lezing, 22 December 2008. Chua, A. (2007), Day of Empire: How hyperpowers rise to global dominance – and why they fall. New York: Doubleday. Delors, J. (2006), L’Europe tragique et magnifique. Les grands enjeux européens. Paris: Éditions Saint-Simon. Eichengreen, B. (2007a), The European Economy since 1945: Coordinated capitalism and beyond. Princeton: Princeton University Press. Eichengreen, B. (2007b), The Breakup of the Euro Area.
Or, on the contrary, will the Union continue to be jeopardised by joint-de40 aftershocks cision traps as the crisis polarises the ideological debate between different ‘socioeconomic models’? Moreover, since the crisis, anti-globalisation feelings have increased the support for right- and left-wing populist parties in national elections, and this is undermining the popular legitimacy of the European project. What kind of social Europe is effective and legitimate in the aftermath of the current crisis?
Aftershocks: Economic Crisis and Institutional Choice by Anton Hemerijck, Ben Knapen, Ellen van Doorne