scholarly journals Differentiated integration contingent on objective ability: a federalist critique

2018 ◽  
Vol 10 (1) ◽  
pp. 1-25
Author(s):  
Samo Bardutzky
Keyword(s):  
Financial Crisis ◽  
European Commission ◽  
White Paper ◽  
Refugee Crisis ◽  
The Future ◽  
Differentiated Integration ◽  
Daniel Elazar ◽  
The Eu

Abstract This article is inspired by the 2017 discussions on the future of Europe (in particular some of the ideas debated in the White Paper on the Future of Europe, published by the European Commission) and the events that took place in the crises and post-crises period (aftermath of the financial crisis, ongoing refugee crisis and the Brexit shock). It is particularly interested in the scenario of differentiated integration. In this regard, it observes how in the aftermath of the crises, there was a shift in the rationale of differentiated integration with objective (in)ability of the states taking a prominent role. It presents a federalist critique of this development, drawing on the work of Daniel Elazar, discussing the concepts of non-centralization, federal process and federal covenant in the context of the 2017 discussions in the EU.

scholarly journals The future of the EU in the context of scenarios for its development by 2025

2018 ◽  
Vol 5 (11) ◽  
pp. 60-70
Author(s):  
O. М. Rudik
Keyword(s):  
European Commission ◽  
Future Development ◽  
New Technologies ◽  
White Paper ◽  
Single Market ◽  
The European Union ◽  
Advantages And Disadvantages ◽  
The Future ◽  
The Impact ◽  
The Eu

The article researches the scenarios for the future development of the EU by 2025 proposed by the European Commission. The white paper on the future of EU looks at how Europe will change in the next decade, from the impact of new technologies on society and jobs, to doubts about globalization, security concerns and the rise of populism. The European Commission emphasizes that the Europe’s role as a positive global force is more important today than ever. However, under the pressure of global competition the United Europe’s place in the world and its economic weight are shrinking, which is a solid foundation for preserving the unity of the Union for the sake of achieving greater. On the contrary, the most desirable scenario, as can be seen from the speech by the President of the European Commission, is to give the European Union a greater amount of power, resources and decision-making powers. As a result, cooperation between the EU-27 Member States will deepen in all areas than ever before. The White Paper outlines ve main scenarios («Carrying on», «Nothing but the single market», «Those who want more do more», «Doing less more e ciently», «Doing much more together»), each of them provides an opportunity to look at the possible state of a airs in the Union by 2025, depending on the choice that the EU will make by 2019. In the opinion of Jean-Claude Juncker, the most negative scenario of the EU development, and therefore extremely undesirable, is to bring its goals to purely economic, focusing the Union’s activities on the development of a single internal market and ensuring its uninterrupted functioning («Nothing but the single market» scenario). Based on data from the European Commission the author shows and brie y describes the key advantages and disadvantages of each of the scenarios. The common features of these scenarios are outlined: rst, they all come from the fact that the United Kingdom withdraws from the EU; secondly, none of them doubts the need to preserve the euro as common currency and the Schengen zone, thirdly, neither the scenarios refers to further EU enlargement. Since none of the proposed scenarios provides for the complete disintegration of the EU, that is, the disappearance of it as a geopolitical actor, it is concluded that in the strategic perspective all the outlined models of the EU’s future development suit Ukraine. Moreover, the steps recently proposed by the President of Ukraine and the European Parliament for deepening the economic integration of Ukraine with the EU and its association with the Schengen area also does not contradict any of the scenarios.

Crisis and European Union: Political Aspects

2012 ◽  
pp. 33-42
Author(s):  
N. Arbatova
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Focal Point ◽  
The European Union ◽  
The World ◽  
The Future ◽  
Systemic Crisis ◽  
World Economic ◽  
The Eu ◽  
Economic And Financial Crisis

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.

scholarly journals Reflections on English Law Schemes of Arrangement in Distress and Proposals for Reform

2018 ◽  
Vol 15 (3) ◽  
pp. 472-502 ◽  
Author(s):  
Sarah Paterson
Keyword(s):  
Financial Crisis ◽  
European Commission ◽  
Debt Restructuring ◽  
Reform Agenda ◽  
Crucial Question ◽  
The Future ◽  
Corporate Insolvency ◽  
The Government ◽  
The Uk

The English scheme of arrangement process has, in many ways, proved a reliable friend to distressed companies and their majority finance creditors in the decade following the financial crisis. However, experience of using the scheme process to achieve a debt restructuring has highlighted a number of areas where it could be improved for the present, or to make it more adaptable in the future. This article was written at a time when the Insolvency Service had launched a review of the corporate insolvency framework in the UK (and published many of the responses which it has received to the consultation), and the European Commission had published a proposal for a new Directive setting minimum harmonisation standards for restructuring law. Both the consultation and the proposal have significant implications for the reform agenda, and the Government has published its response to the UK consultation just as this article is going to press. This paper focuses on the introduction of a preliminary moratorium as a gateway to restructuring efforts, the crucial question of how to value the enterprise if a cram down mechanism is introduced and the role of the insolvency practitioner in the scheme context.

Section III. Prospects for Europe

1998 ◽  
Vol 166 ◽  
pp. 44-56
Author(s):  
Nigel Pain ◽  
Florence Hubert ◽  
Dirk te Velde ◽  
Dawn Holland ◽  
Véronique Genre
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
European Commission ◽  
Global Financial Crisis ◽  
Future Prospects ◽  
The Global Financial Crisis ◽  
The Eu

Economic growth in the EU area rose markedly last year. Output expanded by more than 3 per cent in over half of the member countries, although growth was notably slower in the larger economies. The outlook continued to improve in the first half of this year. Growth in the first quarter was particularly buoyant. Eurostat figures indicate that output in the EU was some 3.3 per cent higher in the first quarter of 1998 than a year earlier. Although output rose by only 0.2 per cent in the second quarter, this was partly due to statistical distortions arising from the different number of working days in the quarter. Italy is the sole economy where growth has proved to be weaker than initially expected. The global financial crisis and slowdown in worldwide demand is expected to dampen EU growth somewhat next year, and we continue to be less optimistic than the European Commission about future prospects. Growth in the EU economies is projected to slow from 2¾ per cent this year to around 2¼ per cent in 1999.

Part II The Financial Crisis of 2007–2011, 9 The Initial Response to the Financial Crisis by the EU and Elsewhere

2018 ◽  
Author(s):  
Mccormick Roger ◽  
Stears Chris
Keyword(s):  
Financial Crisis ◽  
European Commission ◽  
Financial Stability ◽  
Financial Regulation ◽  
Initial Response ◽  
Banking Supervision ◽  
Basel Committee ◽  
Regulation And Supervision ◽  
European Financial Regulation ◽  
The Eu

This chapter discusses the various laws, regulations, and comparable measures that were passed or proposed in response to the financial crisis in the EU and elsewhere. It covers the responses of the de Larosière Report, G20, the Basel Committee on Banking Supervision, and the Financial Stability Board. The de Larosière Report, for instance, was commissioned by the President of the European Commission in October 2008 and delivered on 25 February 2009. The report sought ‘to give advice on the future of European financial regulation and supervision’ and has formed the basis of many of the responses to the financial crisis at EU level. The G20 issued a comprehensive communiqué on the crisis at the London ‘Summit’ of 2 April 2009, covering a number of macro-economic and other ‘architectural’ issues.

Migrants help keep Central European populists in power

2016 ◽  
Keyword(s):  
Central Europe ◽  
Migration Policy ◽  
Refugee Crisis ◽  
Medium Term ◽  
Content Type ◽  
Central European ◽  
Eu Integration ◽  
The Future ◽  
The Eu

Subject Populists' exploitation of the refugee crisis in Central Europe. Significance Support for populist parties has risen after last year's refugee crisis across the EU, but nowhere have they been as successful as in Central Europe (CE). Peddling migrant fears has secured the re-election of Robert Fico's Smer (Slovakia) and the revival of Viktor Orban's Fidesz (Hungary) from a post-election popularity slump. On the back of the migration tide, populists are transforming CE's political trajectory. Impacts A united CE front will gain prominence at the EU, stoking tensions with Berlin on migration policy and the future of EU integration. The strengthened legitimacy of illiberal positions on migration will foster the emergence of imitators elsewhere in Europe. The chance of an EU-level, long-term solution to the refugee crisis will remain slim in the medium term.

The Future Perspectives on the ‘Convergence Criteria’ of the EU

2007 ◽  
Vol 10 (2) ◽  
pp. 177-192
Author(s):  
Gieyoung Lim ◽  
Zie-eun Yang
Keyword(s):  
European Commission ◽  
Future Prospect ◽  
Convergence Criteria ◽  
Future Perspectives ◽  
The Future ◽  
The Eu

Should the same convergence criteria be applied to the countries that are relatively poorer in the region, or will the Commission try to revise the rules by request of the French and German governments? Due to the larger economies' economic under-performance in recent years, even the European Commission are taking account of the revision of some of the criteria. Are there any other possibilities except for the revision of the criteria? In this paper, we focus on the future prospect of the convergence criteria and suggest the possible scenarios for those questions.

scholarly journals Enhanced Cooperation, EMU Reforms and Their Implications for Differentiation in the European Union

2017 ◽  
Vol 7 (2) ◽  
pp. 84-106
Author(s):  
Tomasz Kubin
Keyword(s):  
European Union ◽  
Maastricht Treaty ◽  
Theoretical Framework ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Future ◽  
Differentiated Integration ◽  
Treaty Of Amsterdam ◽  
The Eu

Abstract Initially, before the entry into force of the Maastricht Treaty, differences in integration between members of the European Communities (EC; later the European Union) were relatively few and usually temporary in nature. The Schengen Agreement, the Maastricht Treaty and the Treaty of Amsterdam, and the possibility of establishing enhanced cooperation meant that the problem was becoming more and more important in the functioning of the EU—both in theory and in practice. The objective of the paper is to show that for several years, along with the stagnation in the deepening of integration between all the EU Member States, differentiation of integration in the EU is progressing very rapidly. The progressing differentiation in the EU is a consequence of mainly two processes: the development of enhanced cooperation and reforms in the eurozone, which are strengthened by the widening of the EU. The article covers the issue of the categorization of differentiation of European Union integration, which constitutes the theoretical framework for further considerations. Specified processes which contribute to increasing the differentiation of the EU are discussed, showing the development of enhanced cooperation in the EU and presenting the reforms of the eurozone. The article concludes with the identification and the consequences of differentiated integration, both those that have already occurred and those that may occur in the future.

scholarly journals Finance Capitalism and Democracy: The Case of the Financial Transactions Tax

2020 ◽  
pp. 125-134
Author(s):  
Stephan Schulmeister
Keyword(s):  
European Commission ◽  
Financial Instability ◽  
Financial Transaction ◽  
The Future ◽  
Pros And Cons ◽  
Transaction Taxes ◽  
Financial Transactions ◽  
Finance Capitalism ◽  
The Eu

AbstractThis chapter analyses the pros and cons of financial transaction taxes (FTT) as mechanisms to mitigate financial instability and the proposal of the European Commission to implement an FTT in the EU in September 2011 until its suspension, as well as the prospects for it to be adopted in the future.

scholarly journals EU Refugee Crisis: A Stumbling Block to the Process of European Integration?

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Dionysios Stivas
Keyword(s):  
European Union ◽  
European Integration ◽  
Refugee Crisis ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Eu Integration ◽  
The Future ◽  
The Eu

Currently, the European Union (EU) is dealing with an unprecedented refugee crisis which has been blamed for bringing the process of the EU integration to an impasse. By applying theories of European (dis)integration, this paper assesses the extent to which the current refugee crisis constitutes an impediment to the future of the European Union. This paper’s analysis is constructed around two hypotheses: (1) the refugee crisis triggered Brexit and the failure of the EU’s relocation scheme, symptoms of the EU’s disintegration; (2) the refugee crisis has a dual potential: to simultaneously promote the deeper integration and the disintegration of the EU. To test these hypotheses, this paper examines if and how the refugee crisis is related to Brexit and whether the rebellious reaction of certain EU member states to the implementation of the EU relocation scheme is a sign of reversal in the process of EU integration.

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