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Vol 24 No 7 July/August 2019

Book of the Month

Cover of The Law and Practice of International Finance: Set of 9 Volumes

The Law and Practice of International Finance: Set of 9 Volumes

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The Crisis behind the Eurocrisis: The Eurocrisis as a Multi-Dimensional Systemic Crisis of the EU

Edited by: Eva Nanopoulos, Fotis Vergis

ISBN13: 9781108470346
Published: July 2019
Publisher: Cambridge University Press
Country of Publication: UK
Format: Hardback
Price: £95.00 - Unavailable at Publisher

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The Crisis Behind the Eurocrisis encourages dialogue among scholars across the social sciences in an attempt to challenge the narrative that regarded the Euro-crisis as an exceptional event. It is suggested instead that the Euro-crisis, along with the subsequent crises the EU has come to face, was merely symptomatic of deeper systemic cracks. This book's aim is to uncover that hidden systemic crisis – the 'crisis behind the Euro-crisis'. Under this reading it emerges that what needs to be questioned is not only the allegedly purely economic character of the Euro-crisis, but, more fundamentally, its very classification as an 'emergency'. Instead, the Euro-crisis needs to be regarded as expressive of a chronic, dysfunctional, but 'normal' condition of the EU. By following this line of analysis, this book illuminates not only the causes of contemporary turbulences in the European project, but perhaps the 'true' nature of the EU itself.

  • Proposes to situate the legal examination of the Euro-crisis in a systemic context, which includes socio-political analyses.
  • Actively invites critical examination of the EU, encouraging inter-disciplinary dialogue and the use of analysis that goes beyond that of traditional EU law discourse.
  • Includes contributions that touch on broader ideological, political and practical aspects of European integration, informed by the relevant experience of the different writers.

EU Law
Introduction: The Elephant in the Room: A Tale of Crisis Eva Nanopoulos and Fotis Vergis
1. There is No (Legal) Alternative: Codifying Economic Ideology into Law Ben Farrand and Marco Rizzi

Part I. The Crisis as a Crisis of the EU's Identity:
2. The Roots of the European Crisis: a Historical Perspective Charalambos Kouroundis
3. The End of Self-Fulfilling Europe Hent Kalmo
4. The Authoritarian Neoliberalism of the EU: Legal Form and International Politico-Economic Sources Magnus Ryner

Part II. The Crisis as a Crisis of the EU's Political and Democratic Legitimacy:
5. Authoritarian Liberalism: The Conjuncture behind the Crisis Michael Wilkinson
6. The Inherently Undemocratic EU Democracy: Moving Beyond the 'Democratic Deficit' Debate Eva Nanopoulos and Fotis Vergis
7. Europe and Constituent Powers: Ruptures with the Neoliberal Consensus? Maria Tzanakopoulou
8. 'Who's Afraid of the European Demos?': The Uneasy Relationship between the European Union and Referendums Elia Alexiou
9. Can Public and Voluntary Acts of Consent Confer Legitimacy on the EU? Ozlem Ulgen

Part III. The Crisis as a Crisis of the EU's Economic Model:
10. The Fiscal Compact: A Paradoxical Fiscal Governance Machine Vanessa Bilancetti
11. The Rise of Unaccountable Governance in the Eurozone Gunnar Beck
12. Unification from Above, its Contradictions and the Conjuncture Initiated by the Eurozone Crisis Christakis Georgiou

Part IV. The Crisis as a Crisis of the EU's Social Character:
13. A Tale of Two Documents: The Eclipse of the Social Democratic Constitution Alan Bogg and K D Ewing
14. How to Analyse a Supranational Regime that Nationalises Social Conflict? The European Crisis, Labour Politics and Methodological Nationalism Roland Erne
15. Which Refugee Crisis? On the Proxy of the Systemic Euro-Crisis and its Spatialities Dimitris Dalakoglou

Part V. Joining the Dots and the Way Forward:
16. The European Crisis of Economic Liberalism: Can the Law Help? Michelle Everson
17. With Time to Prepare: Planning an Exit from the EMU Costas Lapavitsas
18. Brexit and the Imperial Constitution of Europe Alex Callinicos
Conclusion Eva Nanopoulos and Fotis Vergis.