scholarly journals The Early Days of the Euro Debt Crisis Revisited: Historical, Legal and Institutional Overview of the Role of the ECB in the Context of an Economic and Monetary Union in Mutation

2015 ◽  
Vol 1 ◽  
pp. 94-109
Author(s):  
Rui do Carmo
Keyword(s):  
Monetary Union ◽  
Debt Crisis ◽  
Economic And Monetary Union ◽  
Euro Crisis ◽  
Starting Point ◽  
The Future ◽  
Future Challenges ◽  
Set Up

This paper seeks to shed some light on the different stages of what ended up being a deep euro debt crisis of unforeseen proportions and the attempts of responses designed to address it in the context of an EU, unprepared to face its outcomes and implications. Our starting point is a quick overview of the historical, institutional and legal pathway that led to the set-up of the EMU, seeking to provide a better understanding of the backdrop for the on-going euro crisis and the several legal instruments put forward within and alongside the EMU framework to tackle it. Particular attention is given to the functions and goals originally attributed to the ECB and to some of the controversial steps this institution decided to take in order to address the debt crisis at its different stages. Finally, some lines of reflexion are proposed in light of the future challenges that we consider that an EMU in mutation inevitably entails.

18. Economic and Monetary Union

2020 ◽  
pp. 583-611
Author(s):  
Alicia Hinarejos
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
Banking Union ◽  
Current Debate ◽  
Euro Crisis ◽  
The Future ◽  
Set Up ◽  
The Eu

This chapter explains how the Economic and Monetary Union (EMU) was set up and the flaws within the system. It gives a brief overview of the euro crisis and its relationship to, and consequences for, EMU. Finally, it looks to the current debate on the future of EMU and the EU, including the development of an EU banking union.

19. Economic and Monetary Union

2017 ◽  
Author(s):  
Alicia Hinarejos
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
Current Debate ◽  
Euro Crisis ◽  
The Future ◽  
Set Up ◽  
The Eu

This chapter explains how the Economic and Monetary Union (EMU) was set up and the flaws within the system. It gives a brief overview of the euro crisis and its relationship to, and consequences for, EMU. Finally, it looks to the current debate on the future of EMU and the EU.

23. Economic and Monetary Union

2019 ◽  
pp. 343-357
Author(s):  
Amy Verdun
Keyword(s):  
Exchange Rates ◽  
Monetary Union ◽  
Sovereign Debt ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
Economic And Monetary Union ◽  
Sovereign Debt Crisis ◽  
To Come ◽  
Set Up ◽  
The Global Financial Crisis

This chapter provides an introduction to economic and monetary union (EMU). It describes the key components of EMU and what happens when countries join. EMU was the result of decades of collaboration and learning, which have been subdivided here into three periods: 1969–91, taking us from the European Council’s first agreement to set up EMU to Maastricht, when the European Council included EMU in the Treaty on European Union (TEU); 1992–2002, from when plans for EMU were being developed to the irrevocable fixing of exchange rates; and 2002 onwards, once EMU had been established, and euro banknotes and coins were circulating in member states. Next, the chapter reviews various theoretical explanations, both economic and political, accounting for why EMU was created and looks at some criticisms of EMU. Finally, the chapter discusses how EMU has fared under the global financial crisis and the sovereign debt crisis. These crises brought to the fore various imperfections in the design of EMU. This section discusses what changes have been made since 2009 to address those flaws and at what we may expect in the years to come.

An Employment Union for Europe? The Role of the Swedish Government

Politics ◽  
1997 ◽  
Vol 17 (2) ◽  
pp. 109-115 ◽  
Author(s):  
Simon Lightfoot
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
Key Factors ◽  
Social Democrats ◽  
Social Democratic ◽  
The Future ◽  
Democratic Parties ◽  
Social Democratic Parties ◽  
The Eu

The Swedish Government's proposal for an ‘Employment Union’ to offset the potential increases in unemployment caused by moves towards Economic and Monetary Union, has put the problem of unemployment at the top of the agenda of the current Intergovernmental Conference. Domestic political pressures coupled with a belief that the EU offers the potential for a solution to this problem, were key factors behind the decision to table an amendment Forging links with other European social democratic parties to generate support for the proposal, the Swedish Social Democrats need the proposal to succeed for both domestic political ends and to safeguard the future of the European project.

The future of the euro area – Poland’s geo-economic perspective

2019 ◽  
Vol 4 ◽  
pp. 13-35
Author(s):  
Tomasz Grzegorz Grosse
Keyword(s):  
Monetary Union ◽  
Euro Area ◽  
Economic Consequences ◽  
Economic Situation ◽  
Economic And Monetary Union ◽  
Economic Perspective ◽  
Preliminary Results ◽  
European Institutions ◽  
Starting Point ◽  
The Future

The article presents the discussion about the future of the euro area. The starting point of this analysis is an outline of the main conclusions drawn from the crisis in this area, which began in 2010. Next, the documents regarding future reforms of the Economic and Monetary Union (EMU), submitted by the European institutions during 2015-2017, will be analysed. Subsequently, the discussion on these proposals among the member states, especially the most influential – France and Germany, is being analysed. The article is aiming at considering the preliminary results of these negotiations and the possible reforms of the euro area. The Author is also wondering whether these reforms can adequately prepare the monetary union for another crisis or even worsening the economic situation in Europe. In this context and in relation to the broader geopolitical situation in 2018, the question is raised whether Poland should mull over joining the EMU. Finally, the geo-economic consequences of entering the EMU or being outside the monetary union will be examined in a situation where the reforms of this area are incomplete and the eurozone seems to be not well prepared for a possible next crisis.

«Where We Are Strong…»

2011 ◽  
pp. 44-57
Author(s):  
S. Pogorelskaya
Keyword(s):  
European Union ◽  
Euro Crisis ◽  
The European Union ◽  
Future Role ◽  
The Future ◽  
The Eu

The article describes the transformation of German policy towards the European Union after the reunification of Germany, German proposals to overcome the Euro crisis of 2010–2011 and the future role of Germany in the EU.

Educators, professional bodies and the future of the valuation profession

2018 ◽  
Vol 36 (4) ◽  
pp. 389-399
Author(s):  
Sara Wilkinson ◽  
Dulani Halvitigala ◽  
Hera Antoniades
Keyword(s):  
Focus Group ◽  
Work Experience ◽  
Continuing Professional Development ◽  
Original Research ◽  
Content Type ◽  
Knowledge And Skills ◽  
The Future ◽  
Future Challenges ◽  
Professional Body

Purpose Valuers face significant challenges as valuation becomes automated and the role evolves from economic analysis to data handling and processing. The purpose of this paper is to identify new knowledge and skills Valuers will need in the future and the role of professional bodies and educators in meeting future challenges in Australia, although the issues are considered global. Design/methodology/approach This qualitative research sought a deeper understanding of the issues, threats, challenges, opportunities, new areas of practice and knowledge that Valuers were experiencing with a view to identifying the role of professional bodies, industry and educators to meet the challenges. A focus group approach was adopted to collect data from practitioners in Sydney and Melbourne. Findings The roles of the professional body the Australian Property Institute, industry/employers and educators to meet these future challenges were identified. Changes are required to degree programme content in respect of digital technologies and statistical knowledge and skills. Continuing professional development programmes are required to address knowledge and skills gaps in existing practitioners. Research limitations/implications In this study, key limitations were that focus group participants were from Melbourne and Sydney only, and the focus is NSW and Victoria centric, although many participants have international work experience. Overall there was under representation of rural Valuers, of small valuation firms, of young, recently joined or qualified Valuers and females. Originality/value This is original research and highlights some real threats, issues and challenges facing the Australian Valuers. It complements work undertaken by legal and accounting professional bodies who perceive change and uncertainty affecting membership and services. To address and where, appropriate, embrace the changes that are coming and those already here, a manifesto for action for educators and the professional body is established.

The Ubiquitous Internet

2014 ◽  
pp. 81-85
Author(s):  
Robert van Wessel ◽  
Henk J. de Vries
Keyword(s):  
The Internet ◽  
Economic Systems ◽  
Net Neutrality ◽  
The World ◽  
The Future ◽  
Set Up

We all take the ubiquity of the Internet for granted: anyone, anywhere, anytime, any device, any connection, any app…but for how long? Is the future of the Internet really at stake? Discussions about control of the Internet, its architecture and of the applications running on it started more than a decade ago (Blumenthal & Clark, 2001). This topic is becoming more and more important for citizens, businesses, and governments across the world. In its original set-up, the architecture of the Internet did not favor one application over another and was based on the net neutrality principle (Wu, 2003). However, architectures should be understood an “alternative way of influencing economic systems” (Van Schewick, 2010), but they should not be a substitute for politics (Agre, 2003). The architecture is laid down in standards and therefore discussions about the future of the Internet should also address the role of standards. This is what this chapter aims to do.

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