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The deepening crisis in the European Union: the need for a fundamental change

conference contribution
posted on 2014-08-08, 09:34 authored by Orjan Appelqvist, Joachim Becker, Hermann Bomer, Tanja Cesen, Judith Dellheim, Wlodzimierz Dymarski, Giovanni Esposito, Trevor Evans, Finton Farrell, Marica Frangakis, John Grahl, Peter Herrmann, Manuela Kropp, Karin Kublbock, Erkki Laukkanen, Jeremy Leaman, Mahmood Messkoub, Dominique Plihon, Werner Raza, Suleika Reiners, Malcolm Sawyer, Catherine Sifakis, Achim Truger, Diana Wehlau, Frieder O. Wolf
The crisis which began in 2007 and deepened dramatically in 2008 has exposed deep rifts in the architecture of the European monetary union. Harsh austerity policies which were first imposed on countries in Eastern Europe, and subsequently on the countries in the euro area periphery, are now beginning to be implemented in countries of the European core. The crisis is highlighting the deeply undemocratic construction of the EU, as the Commission assumes ever greater powers to control national budgets, without any serious oversight by the European Parliament. At the same time, the position of the core countries of the North, and in particular Germany, has been strengthened in relation to the countries of the periphery. But Germany’s economy, which has depended on stagnant wages and a rising export surplus, cannot be a model for the whole EU. In the face of global climate change, the EU’s approach to the Rio+20 conference in July 2012 contributed to its failure to reach any serious agreement.

History

School

  • Social Sciences

Department

  • Politics and International Studies

Citation

APPELQVIST, Ö. ... et al., 2013. The deepening crisis in the European Union: the need for a fundamental change. Proceedings of 2012 18th Workshop on Alternative Economic Policy in Europe, Poznan, Poland, 28-30 September.

Publisher

© EuroMemo Group

Version

  • VoR (Version of Record)

Publication date

2013

Language

  • en

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