Introduction. Time for a new debate on Europe

Carlo D'Ippoliti

Abstract


This short editorial note introduces the current issue of the Review with the aim of opening a debate on Europe after the Brexit. Even if many saw the euro as a step towards political integration, there is now confusion and uncertainty over the final aims and objectives of the EU. Increasing popular hostility against the EU makes the current set-up one with which we will have to live for a while, before Treaty changes will be possible again. Alas, the current set-up is a union made up of sovereign countries competing under common uniform rules, rather than cooperating under flexible arrangements.

The debate on Europe must proceed in parallel with discussion on the other regions of the world, both for the impact that the latter have on the EU, and for the global consequences of the dire predicament of Europe, which is the largest economic area in the world. In the coming issues, the Review will continue to contribute to the global discussion on all areas of the world; as much as Eurobonds have been expunged from the dictionary, “decoupling” can hardly remain in it. 

 

JEL: Y20, H12, O52


Keywords


introduction, Europe, EU, crisis

Full Text:

PDF

References


Askari H., Krichene N. (2014), “Islamic Finance: An Alternative Financial System for Stability, Equity and Growth”, PSL Quarterly Review, vol. 67 n. 268, pp. 9-54.

Claessens S., Mody A., Vallée S. (2012), “Paths to Eurobonds”, IMF Working Paper, n. WP/12/172, International Monetary Fund, Washington (DC).

Der Spiegel Online (2012), “Merkel Vows ‘No Euro Bonds as Long as I Live’”, June 27, available at http://www.spiegel.de/international/europe/chancellor-merkel-vows-no-euro-bonds-as-long-as-she-lives-a-841163.html.

Dhondt T., Leirman L., Scholten E., van Doorn W., Dodo Nawezi M.-C. (2015), “Ad-hoc Audit of the pilot phase of the Europe 2020 Project Bond Initiative”, Final Report, Brussels: EY, available at http://ec.europa.eu/dgs/economy_finance/ evaluation/pdf/eval_pbi_pilot_phase_en.pdf

D’Ippoliti C. (2013), “Introduzione: l’Unione Europea è ‘mammona’”, Moneta e Credito, vol. 66 n. 264, pp. 377-395.

European Commission (2011), Green Paper on the feasibility of introducing Stability Bonds, COM(2011) 818 final, Brussels, available at http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52011DC0818.

European Commission (2012), A blueprint for a deep and genuine economic and monetary union Launching a European Debate, COM(2012) 777 final/2, 30 November, Brussels, available at http://ec.europa.eu/archives/commission_20 10-2014/president/news/archives/2012/11/pdf/blueprint_en.pdf

European Commission (2013), Follow up to the European Parliament resolution on the feasibility of introducing Stability Bonds, adopted by the Commission on 24 April 2013, Brussels, available at http://www.europarl.europa.eu/oeil/spdoc.d o?i=22297&j=0&l=en.

European Commission (2015), Completing Europe’s Economic and Monetary Union, Report by Jean-Claude Juncker, in close cooperation with Donald Tusk, Jeroen Dijsselbloem, Mario Draghi and Martin Schulz, Brussels: European Commission.

European Parliament (2013), European Parliament resolution of 16 January 2013 on the feasibility of introducing Stability Bonds (2012/2028(INI)), P7_TA(2013)0018, Brussels, available at http://www.europarl.europa.eu/side s/getDoc.do?pubRef=-//EP//NONSGML+TA+P7-TA-2013-0018+0+DOC+PDF+ V0//EN.

European Systemic Risk Board (2016), “ESRB General Board meeting in Frankfurt”, Press release, 22 September, available at https://www.esrb.europa.eu/news/ pr/date/2016/html/pr160929.en.html.

Italian Government (2016), “Migration Compact. Contribution to an EU strategy for external action on migration”, mimeo, available at http://www.governo.it /sites/governo.it/files/immigrazione_0.pdf.

Montanaro E. (2016), “The process towards centralisation of the European financial supervisory architecture: The case of the Banking Union”, PSL Quarterly Review, vol. 69 n. 277, pp. 135-172.

Thirlwall A.P. (1979), “The Balance of Payments Constraint as an Explanation of the International Growth Rate Differences”, Banca Nazionale del Lavoro Quarterly Review, vol. 32 n. 128, pp. 45-53.

Thirlwall A.P. (2011), “Balance of Payments Constrained Growth Models: History and Overview”, PSL Quarterly Review, vol. 64 n. 259, pp. 307–351.




DOI: http://dx.doi.org/10.13133/2037-3643_69.279_1

Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Carlo D'Ippoliti

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

 

 

Sponsored by   


ISSN 2037-3643


Reg. Tribunale di Roma n.377/2009 del 19/11/2009