Policy focus 17 April 2019 Integration-through-crisis: The triumph of expediency over democratic legitimacy? By Nicole Scicluna Over the past decade, the response given by Member States to the multidimensional European crisis has given rise to a distinct integrative mode, namely ‘integration through crisis’, which may be contrasted with the integration through law that characterised the pre-Maastricht development of the European integration project.
Policy focus 3 July 2018 The Battle of Ideas on the Euro Crisis through the lenses of ECB Inter-Meeting Speeches By Federico Maria Ferrara The narrative on sovereign debt issues has changed from being focused on the benefits from fiscal consolidation to highlighting the importance of addressing systemic risk and financial fragmentation in the EMU.
Policy focus 4 June 2018 The politicization of the European Central Bank: A more charismatic actor? By Pamela Pansardi and Pier Domenico Tortola Our overall findings thus offer further support to the diffuse observations of a politicization of the ECB also in terms of the way its Presidents have started communicating with the public.
Political visions 3 April 2018 Germany’s leadership role in the Eurozone revisited: past and present By Siegfried Schieder and Claudia Guarneri Notions such as ‘leadership’ or ‘hegemony’ suggest that without a strong Germany to enforce the Eurozone’s fiscal restrictions, the implementation of difficult albeit necessary structural reforms would not be successful at preserving the Euro. However, is it justified to view Germany as a leading power during the Eurozone crisis? Moreover, what does the new German government mean for the Eurozone’s ambitious plans for deeper economic integration?