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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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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: 28 October 2020

European Economic Integration and State Transformation

European Economic Integration and State Transformation

Chapter:
(p.113) 4 European Economic Integration and State Transformation
Source:
European Integration
Author(s):

Christopher J. Bickerton

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199606252.003.0005

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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