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The EU's Role in Global GovernanceThe Legal Dimension$
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Bart Van Vooren, Steven Blockmans, and Jan Wouters

Print publication date: 2013

Print ISBN-13: 9780199659654

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199659654.001.0001

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The European Union in the Global Security Architecture

The European Union in the Global Security Architecture

(p.81) 5 The European Union in the Global Security Architecture
The EU's Role in Global Governance

Panos Koutrakos

Oxford University Press

This chapter explores the extent to which there is congruence between the current global security architecture and the European Union's ambition to assert its identity on the international scene as a security actor. It identifies certain factors which are inherent in the genesis of the Common Security and Defence Policy (CSDP) and which have imposed a constraint on its development, preventing it from achieving the Union's ambition and meeting the expectations of other security actors. The ongoing financial crisis in the eurozone and the rest of the Union, and its implications for the international economy, are bound to have a profound impact on the role of the EU as a security actor. The pace of the deterioration of the financial stability of the eurozone is staggering, the political instability facing the countries seeking to avoid sovereign default tangible, and the risk of contagion unsettling. The interest of the Member States in the conduct of CSDP appears to be inversely proportional to the energy required to enable them and the Union institutions to tackle the financial crisis.

Keywords:   international relations, external relations, common security and defence policy, financial crisis, eurozone, international security

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