The Euro Crisis: The Battle of Ideas. How to Address the Euro Crisis – and its Effects on European Integration

Fontan, Clément;et.al.
(2022) The EU at a crossroad. EU Policies after the Negotiations about the Multiannual Financial Framework 2021-2027 — ISBN: [9781788111041], published

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What are the historical roots of the battle of ideas that shape the euro area asymmetry and why was it conducive to the crisis? What does the response of political authorities to the euro crisis teach us about the battle of ideas that underlies the 2021-2027 Multiannual Financial Framework (MFF) negotiations and the present state of distributional conflicts between EU countries? This chapter aims at answering these questions by shedding light on the ideational struggles about the EMU economic governance before, during and, to a lesser extent, after the euro crisis. In the first section, we underline that the institutional design of the euro area is the outcome of ideational struggles, which are unfolding and evolving since the 1960s. The second section analyses the battle of ideas between the different policy players who were fighting to frame the causes of the euro area crisis and the subsequent policy solutions. In our conclusion, we draw links between the battle of ideas that took place during the euro area crisis and the negotiations on the RFF and the MFF.
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Fontan, C., & et al. (2022). The Euro Crisis: The Battle of Ideas. How to Address the Euro Crisis – and its Effects on European Integration. In Sybille Munch (ed.), The EU at a crossroad. EU Policies after the Negotiations about the Multiannual Financial Framework 2021-2027. Edward Elgar. https://hdl.handle.net/2078.5/222283