With new material on the astonishing 2014–15 monetary rollercoaster, an incisive chronicler of the euro’s upheavals explains how Europe’s single currency has lurched in and out of crisis—with widespread repercussions for Britain and the rest of the world. “Marsh is an expert chronicler of European monetary union, and his analysis deserves serious consideration.”—George Soros “Europe’s Deadlock makes a hard-hitting case against ‘muddled thinking, lack of imagination and straightforward incompetence on the part of the politicians and technocrats charged with policing the single currency.’”—Ferdinando Giugliano, Financial Times “[A] pitiless analysis of a crisis that cannot be permitted to become a disaster.”—Iain Finlayson, The Times
With new material on the astonishing 2014-15 monetary rollercoaster, an incisive chronicler of the euro's upheavals explains how Europe's single currency has lurched in and out of crisis--with widespread repercussions for Britain and the rest of the world. "Marsh is an expert chronicler of European monetary union, and his analysis deserves serious consideration."--George Soros "Europe's Deadlock makes a hard-hitting case against 'muddled thinking, lack of imagination and straightforward incompetence on the part of the politicians and technocrats charged with policing the single currency.'"--Ferdinando Giugliano, Financial Times "[A] pitiless analysis of a crisis that cannot be permitted to become a disaster."--Iain Finlayson, The Times
Business & Economics by Professor of Political Science Joint Chair Department of Political and Social Science Adrienne Heritier
Europeans can be proud as they look back on fifty years of peaceful integration. Nowadays many people worldwide see the European Union as a model of how states and their citizens can work together in peace and freedom. However, this achievement does not automatically mean that the EU has the ability to deal with the problems of the future in a rapidly changing world. The European Union must continue developing its unity in diversity dynamically, be it with regard to energy issues, the euro, climate change or new types of conflict. Indeed, self-assertion and solidarity are key to the debates shaping our future. "Europe in Dialogue" wishes to make a contribution to these open debates. The analyses in this series subject political concepts, processes and institutions to critical scrutiny and suggest ways of reforming internal and external European policymaking so that it is fit for the future. However, "Europe in Dialogue" is not merely trying to encourage an intra-European debate and makes a point of including authors from non-EU states. Looking at an issue from different angle or from afar creates a shift in perspective which, in turn, renders Europe's development more meaningful as it engages in critical dialogue with other societies.
Policy-Making and Diversity in Europe examines the European polity and its policy-making processes. In particular, it asks how an institution which is so riddled with veto points manages to be such an active and aggressive policy maker. Héritier argues that the diversity of actors' interests and the consensus-forcing nature of European institutions would almost inevitably stall the decision-making process, were it not for the existence of creative informal strategies and policy-making patterns. Termed by the author 'subterfuge', these strategies prevent political impasses and 'make Europe work'. The book examines the presence of subterfuge in the policy domains of market-making, the provision of collective goods, redistribution and distribution. Subterfuge is seen to reinforce the primary functions of the European polity: the accommodation of diversity, policy innovation and democratic legitimation. Professor Héritier concludes that the use of subterfuge to reconcile unity with diversity and competition with co-operation is the greatest challenge facing European policy-making.