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Euros and Europeans - Monetary Integration and the European Model of Society (Paperback, New)
Loot Price: R1,100
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Euros and Europeans - Monetary Integration and the European Model of Society (Paperback, New)
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Economic and Monetary Union (EMU) is one of the most important
developments in modern European politics. Building on two decades
of monetary integration it transfers monetary policy, a core
function of the modern state, to an independent European Central
Bank (ECB) and limits member states' fiscal policy discretion. The
ECB insists that growth and employment depend on 'flexibilizing'
Europe's labor markets through deep reforms of the social policies
and employment relations which comprise the 'European social
model'. Member states retain authority over these areas at the
heart of national politics, but how will EMU affect the domestic
politics of institutional change? Will EMU reinforce de-regulation
and retrenchment or will it facilitate reforms that maintain the
protections against economic insecurity, inequality, and unilateral
employer power the European model has provided? To address these
questions, a transatlantic team of leading experts analyzes the
evolving tensions between monetary integration and national social
policies.
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