2. Development of the EU

2020 ◽  
pp. 10-39
Author(s):  
Paul Craig
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
European Integration ◽  
Global Financial Crisis ◽  
Lisbon Treaty ◽  
European Unity ◽  
Single European Act ◽  
The Global Financial Crisis ◽  
The Impact ◽  
The Eu

This chapter traces the development of what is now the EU. It first describes the origins of ideas of European unity. It then discusses the various treaties that paved the way towards broader European integration. These include the European Coal and Steel Community Treaty of 1951,the Single European Act 1986, the Treaty on European Union (TEU) of 1992, and the Lisbon Treaty of 2009. Next, the chapter turns to the impact of the global financial crisis on the EU and considers several theories of integration.

2. Development of the EU

2017 ◽  
Author(s):  
Paul Craig
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
European Integration ◽  
Global Financial Crisis ◽  
Lisbon Treaty ◽  
European Unity ◽  
Single European Act ◽  
The Global Financial Crisis ◽  
The Impact ◽  
The Eu

This chapter traces the development of what is now the EU. It first describes the origins of ideas of European unity. It then discusses the various treaties that paved the way towards broader European integration. These include the European Coal and Steel Community Treaty of 1951,the Single European Act 1986, the Treaty on European Union (TEU) of 1992, and the Lisbon Treaty of 2009. Next, the chapter turns to the impact of the global financial crisis on the EU and considers several theories of integration.

scholarly journals Dispersion of inflation expectations in the European Union during the global financial crisis

Equilibrium ◽  
2016 ◽  
Vol 11 (4) ◽  
pp. 737 ◽  
Author(s):  
Jan Acedański ◽  
Julia Włodarczyk
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Inflation Expectations ◽  
The European Union ◽  
Member States ◽  
Inflation Rates ◽  
Initial Drop ◽  
The Global Financial Crisis ◽  
The Impact

Inflation expectations, both their median and dispersion, are of great importance to the effectiveness of monetary policy. The goal of this paper is to examine the impact of the global financial crisis on dispersion of inflation expectations in the European Union. Using European Commission’s survey data, we find that in the early phase of the crisis the dispersion dropped rapidly but then, after Lehman Brothers’ collapse, the trend reversed and these fluctuations cannot be explained by movements of inflation rates and other commonly used factors. We also observe that, in the new European Union member states, the initial drop of the dispersion was weaker whereas the subsequent rise was stronger as compared to the old member states.

scholarly journals THE IMPACT OF THE GLOBAL ECONOMIC CRISIS ON THE POLAND

2021 ◽  
Vol 9 (4) ◽  
pp. 202-208
Author(s):  
Aleksandra Korczyc
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Global Analysis ◽  
Modern World ◽  
The European Union ◽  
Remedial Actions ◽  
The Government ◽  
The Global Financial Crisis ◽  
The Impact

Purpose of the study: This study aims to present the specifics of the global financial crisis, the threats it brings for Poland in the legal sphere, and possible actions to be taken in this area, particularly at the European Union and Poland level. Methodology: The article uses the historical method and the analysis of documents both at the Polish and European Union levels, including laws, regulations, and decisions. Main Findings: The scope of the financial crisis in question and its relatively easy transfer between markets entails the necessity to apply extraordinary remedial actions. Poland, through its participation in the European Union, seems to be relatively well protected against the effects of the financial crisis. However, it needs to undertake further structural reforms, in particular reforms of public finances. Applications of this study: The current study is highly significant for the government of the day in this modern world; the study could be quite effective and meaningful for Higher Education Institutions, government, banks, financial institutions. Novelty/Originality of this study: Description of the essence of the financial crisis, possibilities of its prevention - earlier possibilities of remedial actions at the institutional and legal level, possibilities of obtaining financial support, global analysis of the problem, including its causes.

scholarly journals Austerity Policies in Debt Crisis: The Limits of Success

2016 ◽  
Author(s):  
Naci Tolga Saruç ◽  
Candan Yılmaz
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
Low Cost ◽  
Second Phase ◽  
Global Crisis ◽  
Member States ◽  
The Global Financial Crisis ◽  
The Eu

Global financial crisis, emerged in 2008 and deepening thoroughly in 2008, revealed deep cracks in European Union countries –especially peripheral countries. The member of peripheral countries implemented European Union monetary policy have adopted low-cost borrowing as a public income. On the one hand, the global crisis has decreased the amount of funds in the international arena and led to an increase in borrowing costs. On the other hand, those peripheral countries with austerity policies imposed by the Troika faced with the problem of debt. The global crisis, appeared in the US and in a short time affected many countries gave rise to the debt crisis in the EU. The aim of this study is to demonstrate theoretically effects of the global crisis on peripheral countries of the EU. Furthermore, it is to analyze how the EU debt crisis considered the second phase of global crisis developed in member states and what kind of measures was taken for crisis. Eurostat database from 2006 to 2015 are used. EU members met the global financial crisis with high debt have increased in public expenditure in order to mitigate the effects of crisis. In addition to this, member states are deprived from tax income because of using strict austerity policies. In conclusion, it is shown that the austerity policies imposed by EU caused to increased further public debt stock in the member states and it left peripheral members the debt impasse.

scholarly journals Ireland, Europe and the Global Crisis

2016 ◽  
Vol 22 (1) ◽  
pp. 177-201 ◽  
Author(s):  
Maurice Coakley
Keyword(s):  
European Union ◽  
European Integration ◽  
Global Financial Crisis ◽  
The European Union ◽  
Eurozone Crisis ◽  
Power Structures ◽  
Fully Integrated ◽  
The Global Financial Crisis ◽  
Integration Project ◽  
The Eu

For Ireland – along with Spain, Portugal and Greece – membership of ‘Europe’ was seen as an opportunity to escape their historical legacy of ‘underdevelopment’ and become fully integrated into core positions in the global system. Each of these states, and especially Ireland experienced significant growth in the European Union but once the global financial crisis struck, they suffered a deep economic and social crisis, and came to be categorised once again as ‘peripheral’ to Europe. This acute recurrence of a core-periphery divide in the European Union has been accompanied by a rapid diminution of democracy in the EU and its transformation into an increasingly coercive formation. The deprivation programmes imposed by the EU on the peripheral societies has not only damaged growth in the European economy, they have hugely diminished the legitimacy of the European integration project. The essay explores the roots of Europe’s changing power structures and assesses the implications of the Eurozone crisis for the future of the European integration project.

scholarly journals An Analysis of the Performance of Indian Engineering Goods Export

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Asheref Illiyan
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Regression Model ◽  
Global Financial Crisis ◽  
Recent Time ◽  
International Competition ◽  
Dummy Variable ◽  
Developed Markets ◽  
The Global Financial Crisis ◽  
The Impact

Engineering Sector has a place of pride in the Indian economy in terms of its contribution to output, employment and export. Engineering exports constitute roughly 20 per cent of total Indian export clocking very close to petroleum product export which is first in terms of overall Indian export. Engineering exports were valued at US $71 billion in 2014-15. There has been a marked shift and change in the composition and destination of Indian engineering export over the years. Engineering sector has made its presence felt in the developed markets like US and European Union implying India's strength and capability to deliver quality products and face international competition. This paper is an attempt to analyse the performance of Indian engineering goods export in recent time during the period 2002-2015. Various dimensions of export such as export growth, destinations, composition, and problems of export and strategies of export are examined in the paper. The impact of the Global financial crisis of 2008 in US on engineering exports has been analysed through a dummy variable regression model.

1. The Development of European Integration

2015 ◽  
Author(s):  
Paul Craig ◽  
Gráinne de Búrca
Keyword(s):  
Financial Crisis ◽  
European Integration ◽  
European Economic Community ◽  
Lisbon Treaty ◽  
Economic Community ◽  
Constitutional Treaty ◽  
European Economic ◽  
Single European Act ◽  
The Impact ◽  
Academic Debate

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing able students with a stand-alone resource. This chapter begins with analysis of the background to European integration. The focus then shifts to analysis of the Treaties and the principal Treaty revisions from the inception of the European Economic Community (EEC) to the present day. The EEC Treaty is examined, followed by the Single European Act, and the Maastricht, Amsterdam, and Nice Treaties. The discussion continues with examination of the failed Constitutional Treaty and the successful ratification of the Lisbon Treaty. The chapter concludes with analysis of the impact of the financial crisis, followed by an overview of theories European integration offered to explain its evolution.

scholarly journals THE IMPACT OF FUNDING STRUCTURE ON EU BANKING SECTOR STABILITY

2020 ◽  
pp. 143-154
Author(s):  
Lech Kujawski ◽  
Monika Liszewska ◽  
Marta Penczar
Keyword(s):  
Financial Crisis ◽  
Business Model ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Eu Countries ◽  
Macroeconomic Indicators ◽  
Banking Business ◽  
The Global Financial Crisis ◽  
The Impact ◽  
The Eu

In our paper, we analyse the impact of funding structure on banking sector stability in EU countries. Our findings show that after the global financial crisis (GFC) there are four main funding models in the EU banking sectors. We document that funding structure is an important factor influencing the banking sector stability. We report that there are also some other banking business model characteristics as well as macroeconomic indicators which have impact on banking sector risk.

Sign in / Sign up

Export Citation Format

Share Document