scholarly journals Financial crisis and forming of the European monetary fund: Should the European Agreement be changed

2010 ◽  
Vol 62 (4) ◽  
pp. 585-601
Author(s):  
Pero Petrovic ◽  
Aleksandar Zivkovic

In this paper, the authors analyze the possibilities and advantages of realization of the idea of creating the European Monetary Fund, the European equivalent of the IMF. European officials and experts believe that the financial crisis in the European Union, as was the case in Greece, can be successfully solved within the EU institutions. The assistance that the EMF would provide would be stipulated by fulfilment of strict conditions. The ECB, which insists on independence, would join it in establishing this mechanism, since not any has been created so far that would provide financial assistance to members of the Eurozone.

Author(s):  
N. Arbatova

The focal point of the article is the future of the European Union that has been challenged by the deepest systemic crisis in its history. The world economic and financial crisis became merely a catalyst for those problems that had existed earlier and had not been addressed properly by the EU leadership. The author argues that the EU crisis can be overcome only by new common efforts of its member-states and new integrationist projects.


Author(s):  
Frank Schimmelfennig ◽  
Thomas Winzen ◽  
Tobias Lenz ◽  
Jofre Rocabert ◽  
Loriana Crasnic ◽  
...  

This chapter examines the evolution of the parliamentary dimension in Mercosur, from its modest beginnings with the Joint Parliamentary Commission to the establishment of the consultative Mercosur Parliament (Parlasur) in 2005. The context for the establishment and empowerment of an international parliamentary institution was favourable in Mercosur. Specifically, the chapter argues that the organization’s initial parliamentarization reflects the combination of international diffusion from the EU and the democratization of member states, while the transition to Parlasur is best explained by a combination of diffusion from the European Union and the financial crisis in the region that occurred around the turn of the century.


2022 ◽  
pp. 249-265
Author(s):  
İbrahim Tanju Akyol

The European Union (EU) provides financial assistance to the countries that are the current candidates and the potential candidates for the development of rural areas. These countries are supported by rural development (RD), one of the five components of the instrument for pre-accession assistance (IPA). Turkey is also a candidate country to benefit from the financial assistance provided by the EU. This research aims to reveal the situation of the projects carried out with IPARD in Çanakkale province within the country. As a matter of fact, Çanakkale takes place at the lower ranks in terms of the number of projects and the number of grants. Despite its potential, the reasons for not achieving the desired results in this province are the lack of qualified consultants, insufficient access to beneficiaries, and problems in licensing of lands. This research, thus, has also put forward various solution suggestions in order to minimize these problems.


2018 ◽  
Vol 11 (1) ◽  
pp. 143 ◽  
Author(s):  
Martina Ciani ◽  
Francesca Gagliardi ◽  
Samuele Riccarelli ◽  
Gianni Betti

The main scope of the paper is to adopt a fuzzy sets approach for the measurement of multidimensional poverty over a period of eight years, from 2007 to 2015, which takes into account the effect of the 2008 economic and financial crisis. In particular, the focus is on the financial dimension of poverty, and its effects on citizens in the EU Mediterranean Area. The empirical analysis, based on the European Union—Statistics on Income and Living Conditions survey (EU-SILC), covers eight Mediterranean Countries.


2021 ◽  
Vol 20 (Issue Vol 20, No 3 (2021)) ◽  
pp. 423-439
Author(s):  
Eckhard FREYER

The horrors of WWII changed history and created a better Europe based on a Common market as an essential signal of unity among the EU member states. Now generations have grown up in peace and growing prosperity. However, a decade ago, ECB/EU had to overcome the EU-euro-financial crisis and now Brexit. In addition, Covid19 crisis brings many pressing problems, as the Coronavirus pandemic is likely to result in Europe/Germany’s largest economic downturn in the last seven decades. Loss of prosperity, des-integration in the European Union could escalate further. Even in academic and scientific institutions and in European research networks difficulties are relevant. Can we overcome Brexit / Corona and create a healthy Europe that is a global socioeconomic leader? Based on our Cultural Heritage across Europe we must look further than Brexit, and even more seek solutions to the Ukrainian conflict.


2020 ◽  
Vol 19 (Vol 19, No 3 (2020)) ◽  
pp. 423-439
Author(s):  
Eckhard FREYER

The horrors of WWII changed history and created a better Europe based on a Common market as an essential signal of unity among the EU member states. Now generations have grown up in peace and growing prosperity. However, a decade ago, ECB/EU had to overcome the EU-euro-financial crisis and now Brexit. In addition, Covid19 crisis brings many pressing problems, as the Coronavirus pandemic is likely to result in Europe/Germany’s largest economic downturn in the last seven decades. Loss of prosperity, des-integration in the European Union could escalate further. Even in academic and scientific institutions and in European research networks difficulties are relevant. Can we overcome Brexit / Corona and create a healthy Europe that is a global socioeconomic leader? Based on our Cultural Heritage across Europe we must look further than Brexit, and even more seek solutions to the Ukrainian conflict.


2019 ◽  
Vol 18 (2) ◽  
pp. 240-260 ◽  
Author(s):  
Katariina Mertanen ◽  
Karen Pashby ◽  
Kristiina Brunila

This article focuses on neoliberal governing by the European Union of cross-sectoral youth policies directed at young people ‘at risk’. The aim is to show how the alliance of discourses of employability and precariousness in these policies has emerged and how these discourses operate in policy. In the article, we analyse European Council and European Commission policy documents from 2000 to 2016 by drawing on the idea of discourses and governing with neoliberal political rationality. Our results show that the financial crisis and policy initiatives launched to mitigate its consequences made it possible to mainstream the neoliberal rationality of individual competition and flexibility as an inseparable part of youth policy steering.


Politics ◽  
2018 ◽  
Vol 38 (3) ◽  
pp. 361-377 ◽  
Author(s):  
Nicolò Conti

For several years, the European Union (EU) has faced two major crises at the same time – a global financial crisis that spilled over to the Eurozone countries and an immigration crisis. Those countries more negatively affected complain that the EU is ineffective in providing solutions, while better-off countries are reluctant to share the costs of the most exposed countries. In this critical context, radical populist parties have had specific incentives to offer extreme policy stances on the EU, signalling clear Eurosceptical positions as a means of breaking into the electoral market; their stance is now represented in the national parliament of many member states. The article examines the attitudes of national political elites towards the EU. It shows that the feelings towards the EU have largely survived acute changes (induced by the crises or changes to elite composition). Although Euroscepticism is a growing phenomenon within society and party systems, it is less on the rise among the elites holding public office. However, due to the unprecedented success of radical populist parties in some countries, Euroscepticism is now on the rise, also among this segment of elites, and some limited signs of contagion to the mainstream are already visible.


2017 ◽  
Vol 26 (1) ◽  
pp. 53-74
Author(s):  
Tom Frost

In June 2016, the United Kingdom’s electorate voted in a referendum to leave the European Union. This article examines ‘Brexit’ from the perspective of British, or English, exceptionalism. It argues that the Leave vote was caused by a number of factors: underlying myths and exceptionalism about the U.K. and its relationship with ‘Europe’; the fallout from the 2007–2008 financial crisis; the austerity policies undertaken in the U.K. since 2010; and the increased migration into the U.K. after the financial crisis, in particular from other EU Member States. The article concludes by arguing that Brexit should serve as an important lesson to listen to all people who feel abandoned by the EU, austerity and globalisation, to hear their stories and perspectives. Only then can we start to think about whether there are shared values and principles which could form the basis for a European politics of the future.


Author(s):  
Timm Bönke ◽  
Carsten Schröder

In view of rising concerns over increasing inequality in the European Union since the financial crisis, this study provides an inequality decomposition of the overall European income distribution by country. The EU Statistics on Income and Living Conditions are our empirical basis. Inequality has risen moderately within the core Euro area, particularly in the last two years of the observation period (2010/11). Widening disparities between EU Member States are the driving force behind this trend, while inequalities within countries do not exhibit systematic changes. An analysis of binational distributions reveals that it is the countries hit worst by the crisis—Greece and Spain —for which the between-country disparities have changed most markedly.


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