Jump to ContentJump to Main Navigation
The Future of the Euro$
Users without a subscription are not able to see the full content.

Matthias Matthijs and Mark Blyth

Print publication date: 2015

Print ISBN-13: 9780190233235

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:oso/9780190233235.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 September 2020

Europe’s Middle Child

Europe’s Middle Child

France’s Statist Liberalism and the Conflicted Politics of the Euro

(p.136) 7 Europe’s Middle Child
The Future of the Euro

Mark I. Vail

Oxford University Press

This chapter concerns the contradictions and inconsistencies that affect France’s position as Europe’s “middle child.” Three factors have generated a particular set of trajectories in France’s financial and economic policy: the competing allures of statism and liberalism; France’s vacillating commitments to Keynesianism and austerity in policy; and the decline of its core partnership with Germany. The chapter’s central claim is supported by an empirical study of the political debates surrounding the incipient Economic and Monetary Union in the late 1990s and the European financial and ensuing Eurozone sovereign debt crisis after 2007. In both of these instances, but most obviously in the latter, French policy was guided by these contradictory imperatives. As a result, its position and ability to shape policy in Europe is much diminished.

Keywords:   France, Germany, Keynesianism, austerity, statism, liberalism, sovereign debt crisis, Eurozone

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .