The Euro at Ten

Europeanization, Power, and Convergence

Edited by Kenneth Dyson

First in-depth political analysis of the first full decade of the euro
Brings together a distinguished range of specialists from around the world

The Euro at Ten

Europeanization, Power, and Convergence

Edited by Kenneth Dyson

Description

With Economic and Monetary Union (EMU) the European Union is embarked on a major historic political project of formidable technical complexity. In January 2009 the Euro Area will be ten years old. What does the evidence from the first decade tell us about the significance of the euro for the EU and its member states? This book brings together a range of recognized academic specialists to examine the main political aspects of this question. How, and in what ways, has the euro Europeanized states (members and non-members), their institutions, policies and politics? What have been its effects on the location and use of power? Has the euro generated convergence or divergence? What political patterns can be identified? The book offers the first, in-depth and systematic political analysis of the first decade of the euro. It places the euro in its global and European contexts; offers a set of case studies of its effects on a representative sample of EU member states ('Anglo-Saxon', old 'D-Mark Zone', east central European and Baltic, Mediterranean, and Nordic); and looks at three key sectors (financial markets, wages and collective bargaining, and welfare reform). The book contributes to Europeanization studies, comparative political economy, and studies of Economic and Monetary Union (EMU). It will be of major interest to students of the European Union and European integration, comparative European politics, and area and 'country' studies.

The Euro at Ten

Europeanization, Power, and Convergence

Edited by Kenneth Dyson

1:The First Decade: Credibility, Identity and Institutional 'Fuzziness', Kenneth Dyson
PART I European and Global Contexts and Challenges
2:The Euro in a Global Context: Challenges and Capacities, Benjamin J. Cohen
3:The Changing European Context of Economic and Monetary Union: 'Deepening', 'Widening' and Stability, Gaby Umbach and Wolfgang Wessels
4:Fiscal Policy Co-ordination and Discipline: The Crisis of the Stability and Growth Pact and Domestic Fiscal Regimes, Mark Hallerberg and Joshua Bridwell
5:Institutional Competitiveness: The Lisbon Process, Soft Governance and Convergence, Martin Marcussen
PART II Domestic Political and Policy Contexts in Euro Area Member States
6:France: The Political Management of Paradoxical Interests, David Howarth
7:Germany: A Crisis of Leadership in the Euro Area, Kenneth Dyson
8:Greece: A Suitable Accommodation?, Kevin Featherstone
9:Ireland: The Outlier Inside, Colin Hay, Jari Riihelaeinen, Nicola Smith and Matthew Watson
10:Italy: Creeping Towards Convergence, Lucia Quaglia and Paul Furlong
11:The Netherlands: A Turning Point in Dutch-EU Relations?, Amy Verdun
PART III Domestic Political and Policy Contexts in Euro Area 'Outsiders'
12:Baltic States: When Stability Culture Is Not Enough, Magnus Feldmann
13:Britain: The Political Economy of Retrenchment, Jim Buller and Andrew Gamble
14:Hungary and Slovakia: Compliance and its Discontents, Bela Greskovits
15:Poland: From Pacesetter to Semi-Permanent Outsider?, Radoslaw Zubek
16:Sweden: Stability without Europe, Johannes Lindvall
PART IV Sectors, States and EMU
17:Banking and Financial Market Regulation and Supervision, Huw Macartney and Mick Moran
18:Wage Policies, Nick Parsons and Philippe Pochet
19: Welfare Reform, Daniel Wincott
20:European States and the Euro Area: Clustering and Covariance in Patterns of Change, Kenneth Dyson
References
Index

The Euro at Ten

Europeanization, Power, and Convergence

Edited by Kenneth Dyson

Author Information

Edited by Kenneth Dyson, Research Professor in the School of European Studies, Cardiff University.

Contributors:

Joshua Bridwell is a Graduate Student at Emory University.
Jim Buller is Lecturer in Politics at the University of York.
Benjamin Cohen is Louis G. Lancaster Professor of International Political Economy at the University of California, Santa Barbara.
Kenneth Dyson is Research Professor in European Politics at Cardiff University, Wales.
Kevin Featherstone is Eleftherios Venizelos Professor of Contemporary Greek Studies at the London School of Economics.
Magnus Feldmann is a PhD candidate and Research Fellow at the Weatherhead Center for International Affairs and affiliated to the Minda de Gunzburg Center for European Studies at Harvard University.
Paul Furlong is Professor of European Studies and Head of the School of European Studies at Cardiff University.
Andrew Gamble is Professor of Politics at the University of Cambridge.
Bela Greskovits is Professor of International Relations and European Studies at the Central European University, Budapest. He is author of The Political Economy of Protest and Patience.
Mark Hallerberg is Professor of Political Economy and Public Management at the Hertie School of Governance.
Colin Hay is Professor of Political Analysis in the Department of Politics at the University of Sheffield.
David Howarth is Senior Lecturer in Politics at the University of Edinburgh.
Johannes Lindvall is the Samuel Finer Post-Doctoral Fellow in Comparative Government at the University of Oxford.
Huw Macartney is an ESRC Postdoctoral Fellow at Nottingham University.
Martin Marcussen is Assistant Professor of Politics at the University of Copenhagen.
Michael Moran is WJM Mackenzie Professor of Government at Manchester University.
Nick Parsons is Reader in French in the School of European Studies at Cardiff University.
Philippe Pochet is director of the Observatoire social européen. He is Adjunct Professor, Griffith University (Australia), invited lecturer at the Catholic University of Louvain and affiliate at the Centre of European Studies (Free University of Brussels).
Lucia Quaglia is Senior Lecturer in Politics and Contemporary European Studies at Sussex University.
Jari Matti Riiheläinen undertook his PhD research at the University of Birmingham.
Nicola Smith is Lecturer in Political Science at the University of Birmingham.
Gaby Umbach is senior research associate at the Jean-Monnet Chair for Political Science, University of Cologne.
Amy Verdun is Professor of Political Science, Jean Monnet Chair and Director of the Jean Monnet Centre of Excellence at the University of Victoria, Canada.
Matthew Watson is Associate Professor (Reader) in the Department of Politics and International Studies at the University of Warwick.
Wolfgang Wessels holds the Jean Monnet Chair for Political Science at the University of Cologne.
Daniel Wincott is Professor of European and Comparative Politics at the University of Birmingham.
Radoslaw Zubek is Postdoctoral Research Fellow in the European Institute at the London School of Economics.

The Euro at Ten

Europeanization, Power, and Convergence

Edited by Kenneth Dyson

Reviews and Awards

"The two volumes are a remarkable achievement since it is the first time that the most important and some controversial official documents that discuss economic governance in the EU and have led to EMU construction are collected and published in two volumes and analyzed in a chronological and systematic way.... The two volumes are very important for anyone interested in tracing the evolution of EU economic governance back to the main documents rather than relying on secondary sources." - EUSA Review Winter 2012

"...provides a good overview of the euro's first years and highlights important weaknesses of EMU..." - Harvard International Review