On the limits of EU economic policy coordination
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- dc.contributor.author Leino, Päivica
- dc.contributor.author Saarenheimo, Tuomasca
- dc.date.accessioned 2016-12-07T10:37:54Z
- dc.date.available 2016-12-07T10:37:54Z
- dc.date.issued 2016-09
- dc.description.abstract Successive EMU roadmaps have presented the expansion of EU controls over Member States’ economic policies as an integral part of monetary union, vital to its survival. Possible alternatives have been hardly discussed. In this contribution we trace the evolution of the EU economic policy coordination framework from a relatively narrow, rules-based exercise into a largely discretionary process that reaches even the most politically salient areas of the Member States' economic policies. We then discuss how the extensive coercive powers the EU formally possesses have turned out to be difficult to use in practice. This reflects the fundamental limits of the EU’s legitimate use of power over its Member States, set by its current level of political and cultural integration. To have a chance of success, further designs EMU need to respect these limits.ca
- dc.description.sponsorship The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
- dc.format.mimetype application/pdfca
- dc.identifier.uri http://hdl.handle.net/10230/27704
- dc.language.iso engca
- dc.relation.ispartofseries ADEMU Working Paper Series;36
- dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/649396
- dc.rights This is an Open Access article distributed under the terms of the Creative Commons Attribution License Creative Commons Attribution 4.0 International, which permits unrestricted use, distribution and reproduction in any medium provided that the original work is properlyattributed.ca
- dc.rights.accessRights info:eu-repo/semantics/openAccessca
- dc.rights.uri http://creativecommons.org/licenses/by/4.0/ca
- dc.subject.keyword EU economic policy coordinationen
- dc.subject.keyword Economic and monetary unionen
- dc.subject.keyword Fiscal federalismen
- dc.title On the limits of EU economic policy coordinationca
- dc.type info:eu-repo/semantics/workingPaperca