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Can Italy and Germany thrive within the confines of the common currency, or do they display two fundamentally incompatible models? This book examines this question by means of detailed comparisons in the fields of labour market policies, welfare provisions and financial and economic management, since the onset of the financial crisis and through the euro and COVID-19 crises.
The rapid succession of the financial crisis, the Eurozone crisis and COVID-19 have again brought to the fore questions that have beset European integration since its inception; does the EU promote convergence or divergence? Have these crises served to reveal pre-existing politico-economic incompatibilities or were these incompatibilities created by the euro and the measures propounded by the Economic and Monetary Union (EMU)? Should EMU recipes be followed, or should they be fundamentally revised in an effort to come good on the convergence promises underpinning the European project? And, lastly, is the COVID-19 crisis likely to mitigate or exacerbate these problems? These questions are addressed in this volume by means of a tight comparison between Germany and Italy, two countries that have displayed strikingly divergent trajectories but also share many more politico-economic traits than the conventional wisdom would allow for. By exploring in detail how the main elements of the euro and EMU management have played out, the volume highlights the externalities that becoming part of a currency union has created and that strengthened the economic success of one while consolidating the decline of the other and analyses the likely impact of the measures introduced to fight the economic consequences of the COVID-19 pandemic.
The chapters in this book were originally published as a special issue of the journal, German Politics.
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Can Italy and Germany thrive within the confines of the common currency, or do they display two fundamentally incompatible models? This book examines this question by means of detailed comparisons in the fields of labour market policies, welfare provisions and financial and economic management, since the onset of the financial crisis and through the euro and COVID-19 crises.
The rapid succession of the financial crisis, the Eurozone crisis and COVID-19 have again brought to the fore questions that have beset European integration since its inception; does the EU promote convergence or divergence? Have these crises served to reveal pre-existing politico-economic incompatibilities or were these incompatibilities created by the euro and the measures propounded by the Economic and Monetary Union (EMU)? Should EMU recipes be followed, or should they be fundamentally revised in an effort to come good on the convergence promises underpinning the European project? And, lastly, is the COVID-19 crisis likely to mitigate or exacerbate these problems? These questions are addressed in this volume by means of a tight comparison between Germany and Italy, two countries that have displayed strikingly divergent trajectories but also share many more politico-economic traits than the conventional wisdom would allow for. By exploring in detail how the main elements of the euro and EMU management have played out, the volume highlights the externalities that becoming part of a currency union has created and that strengthened the economic success of one while consolidating the decline of the other and analyses the likely impact of the measures introduced to fight the economic consequences of the COVID-19 pandemic.
The chapters in this book were originally published as a special issue of the journal, German Politics.
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The contributions combine world-renowned scholars and country experts to discuss, in six parts, the policy''s history and governing principles; the theoretical approaches from which it can be assessed; the inter-institutional and multi-level dynamics that it elicits; its practical implementation and impact on EU Member States; its interactions with other EU policies and strategies; and the cognitive maps and narratives with which it can be associated.
This Handbook will be an invaluable resource to students and scholars of EU policies and politics and other related disciplines. In particular, they will benefit from the clarity with which the history and functioning of cohesion policy is laid out. Policy makers and other practitioners will also find this book of interest, due to its presentation of relevant debates.
Contributors include: A. Ágh, J. Aprans, R. Atkinson, J. Bachtler, J. Balsiger, J. Baudner, I. Begg, M. Brunazzo, R.L. Bubbico, A. Catalina Rubianes, D. Charles, N. Charron, R. Crescenzi, M. Dabrowski, A. Dahs, F. De Filippis, S. Gänzle, D. Hübner, A. Faiña, A. Faludi, V. Fargion, U. Fratesi, P.R. Graziano, E. Gualini, E. Hepburn, C. Holguin, G. Karakatsanis, E. Kazamaki Ottersten, A. Kovács, A. Lenschow, R. Leonardi, J. Lopez-Rodriguez, E. Massetti, P. McCann, C. Mendez, P. Montes-Solla, T. Muravska, T. Notermans, R.l Ortega-Argilés, I. Pálné Kovács, S. Piattoni, L. Polverari, S. Profeti, A.H. Schakel, J. Schönlau, M.K. Sioliou, P. Stephenson, I. Tömmel, M. Weber, K. Zimmermann
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This book addresses an issue of paramount importance concerning the politics of the European Union: aspects of governance and policy making in the EU that are labelled ''informal''. Much of the literature on the EU focuses on the formal facets of EU politics, but uniquely, the subject matter within this book deals with informal aspects such as: the role of personal relationships, the presence of non-hierarchical policy-networks and non-institutional channels of interest representation, and the relevance of the unwritten rules and routines which govern these aspects of EU politics.
The contributors ascertain that the study of sectoral policy making in the EU is incomplete without attention to this informal governance, which is normatively and conceptually more complex than is generally assumed. They provide a number of different approaches to the subject, illuminating the nature of informal governance in the EU and demonstrating the way in which its analysis can contribute to a more comprehensive understanding of politics and policy making in the EU.
This highly original book will be a fascinating read for a wide-ranging audience - including academics, students, researchers and practitioners - with an interest in the governance of the EU.