Bulletin n. 3/2011
February 2012
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Clerc Olivier, Kauffmann Pascal
    Vers une nouvelle gouvernance macro-économique dans la zone euro
    in Revue de l'Union européenne/Revue du Marché Commun et de l'Union européenne , n. 552, octobre-novembre ,  2011 ,  589-596
    Whatever the exact outcome of the current criis period, it is a turning point for the EMU. The European Union does not have all the attributes of a federation, and the recent crises show that in this instance, the euro zone is not highly viable on a long term. For that reason, the outlines of a new governance system allowing good resilience and in the end, the durability of the EMU, need to be carefully identified. To do so, we review the progress in this area, resulting from two years of crisis. We also show how the throwback euro zone opt-out scenarios are generally not relevant. We then take a look at the essential issue of the macro-economic supervision system that is to allow, in the future, crisis prevention. Our thoughts also cover the problem of sanctions. The european council has decided to set up a lasting European stability system (MES), intended to address crises, and we review its operating methods. Lastly, we expres a few thoughts on the future of the EMU.
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