Controlled Dismantlement of the Eurozone: A Strategy to Save the European Union and the Single European Market

2013 ◽  
Vol 14 (1) ◽  
pp. 31-49 ◽  
Author(s):  
Stefan Kawalec ◽  
Ernest Pytlarczyk
Keyword(s):  
European Union ◽  
European Market ◽  
The European Union ◽  
Single Currency ◽  
European Currency ◽  
High Unemployment ◽  
Single European Market ◽  
Coordination System ◽  
Break Up ◽  
Fiscal Austerity

Abstract The problems with a single currency in Europe are neither temporary nor curable. Any persistent defence of the euro will result in a long-lasting recession and high unemployment in countries using fiscal austerity to pursue ‘internal devaluation’. It may lead to a revival of populist and nationalist movements, political collapse and disorderly eurozone break-up. This article argues for a controlled segmentation of the eurozone via the exit of the most competitive countries and an agreement on a new European currency coordination system.

Growth and Competitiveness

2021 ◽  
pp. 35-50
Author(s):  
André Sapir
Keyword(s):  
European Union ◽  
European Market ◽  
High Tech ◽  
The European Union ◽  
Economic Entity ◽  
Single European Market ◽  
The World ◽  
Key Technologies ◽  
The Usa ◽  
The Eu

After two prosperous decades, the European Union suffered a serious setback in the late 1970s and early 1980s, with sluggish growth and weak competitiveness in high-tech sectors compared to the USA and Japan. The creation of the single European market in 1993 was a major boost to growth and competitiveness in Europe. Yet, today, even abstracting from the coronavirus crisis, the European Union again faces some economic troubles. Growth has been subdued for a while and the EU is suffering yet again from weak competitiveness in high-tech sectors compared to the USA and to China, which has replaced Japan as the main Asian powerhouse. At the same time, however, the geopolitical situation has changed dramatically. In the earlier days, the world was divided between East and West, and all three main economic powers, the EU, Japan, and the USA, were in the same political camp. Their rivalry was therefore purely economic. Today, there are political dividing lines between the three main economic powers. The EU’s competitiveness problem vis-à-vis China and the USA in some key technologies is therefore not just economic but also geopolitical. Yet, the European Union remains largely an economic entity, though it has started to think and even to act geopolitically. The obvious question is whether Europe will be able to repeat its achievement of nearly 30 years ago and come up with a new design that will boost its growth and competitiveness in this new geopolitical era, or whether this quest will prove elusory.

The Single European Market in Goods

2018 ◽  
Author(s):  
Isidora Maletić ◽  
Catherine Barnard
Keyword(s):  
European Union ◽  
Administrative Law ◽  
Internal Market ◽  
Whole Body ◽  
The European Union ◽  
Policy Objective ◽  
Product Regulation ◽  
Single European Market ◽  
Integration Project ◽  
Administrative Tasks

The focus of this chapter is on the European Union administrative law that has arisen in the specific policy setting of the internal market. The creation of the internal market, which ‘shall comprise an area without internal frontiers in which the free movement of goods, persons, services and capital is ensured’, is at the heart of the European Union integration project and consequently also of the EU’s administrative network structure. A number of the other chapters that follow in this collection are closely related to the present discussion, either through the specific type of product concerned, or by virtue of exploring a particular policy objective intertwined with the broader framework of the internal market. This chapter concentrates on the internal market and its administration more narrowly understood. Its focus is mainly on the administrative tasks, structures, procedures, and enforcement in the field of product regulation. However, this should not overlook the extent to which the underlying provisions, principles, and practices in this field relate, more widely, to the whole body of EU administrative law.

Kształtowanie jednolitej wspólnej regulacji rynków rolnych w Unii Europejskiej i Polsce

2018 ◽  
Vol 72 ◽  
pp. 295-308
Author(s):  
Wiktoria Osdoba
Keyword(s):  
European Union ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
Individual Member ◽  
The European Union ◽  
Agricultural Market ◽  
Quota System ◽  
Single European Market ◽  
The Common ◽  
European Standards

Pending the entry into force of the Common Agricultural Organization of Agricultural Markets in 2007, there were twenty one coexisting industry market organizations as defined in the relevant basic EU regulations. Merging in one legal act the provisions of several dozen other EU regulations and looking at the single European market in a holistic and not sectoral way, illustrates the current way of running the Common Agricultural Policy, which seeks to comprehensively address the problems of the European agricultural market. From 1st September 2017, there has been a National Support Center for Agriculture, which took over the tasks of two liquidated agencies: the Agricultural Property Agency and the Agricultural Market Agency. Adaptation of the Polish legislation within the framework of agricultural policy will have to take into account the changes taking place in the Common Agricultural Policy in the future. From 1st October 2017, the sugar-producing quota system which existed for the last 50 years, setting the limits for individual Member States of the European Union, was terminated. This was the last system of agricultural quotas within the European Union. Following the harmonization of the Polish legislation with European standards, we are aware of the fact that the EU law is constantly facing changes.

scholarly journals "It's so little money you could make as much at home" - options for work in an impoverished rural region of high unemployment.

2013 ◽  
Vol 4 (1) ◽  
pp. 33-54
Author(s):  
Ildiko Husz
Keyword(s):  
European Union ◽  
Educational Attainment ◽  
Unemployment Rate ◽  
Institutional Factors ◽  
The European Union ◽  
Rural Region ◽  
High Unemployment ◽  
Long Time ◽  
High Degree

Hungary has a higher unemployment rate than the member states of the European Union and even most former socialist countries. This rate for 15-64 year-olds has been around 56% since 1999, as against 66% in the European Union (OECD Employment Database). There is also a high degree of regional unevenness within the country. The situation is worst in North Hungary, an area of multiple economic and social deprivations. Several pieces of research have analysed the causes of long-term unemployment and have highlighted the main social, geographical and institutional factors behind it. People of low educational attainment who live in small villages and members of the Roma minority are particularly likely to have been without jobs for a long time.

scholarly journals Ireland in the World-System: An Interview with Denis O'Hearn

2016 ◽  
Vol 22 (1) ◽  
pp. 202-213 ◽  
Author(s):  
Aidan Beatty ◽  
Sharae Deckard ◽  
Maurice Coakley ◽  
Denis O'Hearn
Keyword(s):  
European Union ◽  
World System ◽  
The European Union ◽  
Current State ◽  
The World ◽  
Contemporary Status ◽  
Capitalist World ◽  
Break Up ◽  
Atlantic Economy ◽  
Irish Politics

In this interview, Denis O’Hearn presents his views of Ireland’s historical and contemporary status in the capitalist world-system and which countries Ireland could be profitably compared with.  He discusses how Ireland has changed since the publication of his well-known work on "The Atlantic Economy" (2001) and addresses questions related to the European Union and the looming break-up of Britain as well as contemporary Irish politics on both sides of the border. O’Hearn also touches on the current state of Irish academia.

The Decline of the International Model

2017 ◽  
Author(s):  
Robert Schütze
Keyword(s):  
European Union ◽  
Market Integration ◽  
European Economic Community ◽  
Common Market ◽  
European Market ◽  
The European Union ◽  
Economic Community ◽  
European Economic ◽  
International Model ◽  
Regulatory Measures

The creation of a common market was (and is) a central task of the European Economic Community and today the European Union. The 1957 EEC Treaty thereby offered a variety of legal instruments to unite the different national markets into a ‘common’ European market. Originally, it closely followed the GATT suggestions in Article XXIV and outlawed customs duties (and equivalent measures), while it equally prohibited quantitative restrictions (and equivalent measures). The EEC Treaty also contained a non-discrimination provision for imported goods, yet the latter was textually confined to fiscal measures; and the question therefore arose how the 1957 Rome Treaty would regard State regulatory measures that discriminated against out-of-State goods. This chapter explores the constitutional choices made by the original Rome Treaty and the early Court with regard to market integration.

A Stronger Role for the European Supervisory Authorities in the EU27

2018 ◽  
Author(s):  
Danny Busch
Keyword(s):  
Decision Making ◽  
European Union ◽  
European Market ◽  
Public Consultation ◽  
The European Union ◽  
European Approach ◽  
European Governance ◽  
Central Counterparties ◽  
Market Infrastructure

The chapter addresses two topics that are crucial to achieving more supervisory convergence in the European Union 27 (EU-27): (1) a more pan-European governance or decision-making structure of the European Supervisory Authorities (ESAs); and (2) more direct supervisory powers to the ESAs, particularly (but not exclusively) to the European Securities and Markets Authority (ESMA). These topics are analysed and discussed within the framework of the Commission's public consultation on the functioning of the ESAs; the Commission proposal of 29 June 2017 for a Regulation on a pan-European Personal Pension Product; the Commission's FinTech consultation of 23 March 2017; and the Commission proposal of 13 June 2017 to amend the European Market Infrastructure Regulation and the ESMA, which aims to introduce a more pan-European approach to central counterparties supervision.

Poland, the European Union, and the Euro: Poland's Long Journey to Full European Integration

2009 ◽  
Vol 9 (2) ◽  
pp. 1850167 ◽  
Author(s):  
Richard J. Hunter ◽  
Leo V. Ryan
Keyword(s):  
European Union ◽  
European Integration ◽  
The Political ◽  
The European Union ◽  
Economic Data ◽  
Full Membership ◽  
Single Currency ◽  
Euro Zone ◽  
Political Events ◽  
Economic Background

This article will discuss the political and economic background behind Poland's decision to join the Euro-Zone, perhaps as early as 2012. The article describes important political events and summarizes key economic data presented at the end of 2008, as well as providing important “pro and con" arguments surrounding this controversial move. In addition, the article provides a context to Poland's “march to Europe," as it has moved to full membership in the European Union, including its single currency.

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