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European IntegrationFrom Nation-States to Member States$
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Chris J. Bickerton

Print publication date: 2012

Print ISBN-13: 9780199606252

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199606252.001.0001

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European Economic Integration and State Transformation

European Economic Integration and State Transformation

(p.113) 4 European Economic Integration and State Transformation
European Integration

Christopher J. Bickerton

Oxford University Press

Chapter 4, which examines the development of macro-economic policymaking in Europe, argues that the internationalization and regionalization of macro-economic policymaking are products of concrete internal struggles fought at the domestic level within European states over the implementation of anti-inflationary monetary policies and the dismantling of the main institutional expressions of the post-war Keynesian consensus. Looking at the development of European economic integration from the 1950s to the present day, the chapter differentiates between forms of cooperation in the heyday of the post-war Keynesian consensus (the ECSC, the Treaty of Rome) and cooperation driven by the collapse and movement away from that consensus (European Monetary System, Single European Act, monetary union). These two periods of integration correspond to very different forms of statehood. The chapter ends with a detailed account of the Eurozone crisis of 2008–12 and how this crisis has both challenged and reinforced the member statehood paradigm.

Keywords:   European coal and steel community, European communities, single European act, monetary union, Eurozone crisis, policy convergence, macro-economic governance

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