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1st Editorial Board Meeting

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  • Feb
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1st Editorial Board Meeting

The Future of Europe's Economy: Disaster or Deliverance?

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Wednesday, September 18, 2013
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Europe’s economy is finally showing tentative signs of stabilising. But does this mark the start of a robust recovery, or is it, in the language of the markets, a ‘dead cat bounce’? The Centre for European Reform asked four leading European economists to predict how things would look in 2020. Their answers differ sharply. The future of the European project will to a large extent depend on which of the four authors is most right. If the eurozone as a whole, and its debtor states in particular, suffer prolonged stagnation and funding crises, popular faith in European integration could be hit hard. Aside from casting doubt over the future of the euro, the damage to the EU’s single market, perhaps Europe’s biggest economic asset, and to relations between member-states would be considerable. Conversely, if the eurozone stages a sustained economic recovery, and the currency union’s debtor countries are able to honour their debt burdens while engineering a bounce-back in living standards, the outlook for the euro (and the EU more generally) will be much brighter.
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The European Financial Crisis: Constitutional Aspects and Implications

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Wednesday, September 19, 2012
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With its provisions on the EMU, the Maastricht Treaty introduced a new, ’macroeconomic’ layer into the European economic constitution. The Maastricht layer of the European economic constitution was based on the following principles: exclusive competence of the EU in monetary policy in the euro area; price stability as the primary objective of Europeanized monetary policy; independence of the ECB and national central banks; Member State sovereignty in fiscal and economic policy with the Union accomplishing a mere coordinating task; Member State fiscal liability as the reverse of their fiscal sovereignty; and primacy of price stability pursued by Europeanized monetary policy over national fiscal-policy objectives. The ongoing euro-area crisis is a constitutional crisis, too. The European responses to the crisis include, on the one hand, emergency measures and stability mechanisms, and, on the other hand, strengthening European economic governance. As a consequence of these responses, the central Maastricht principles of the European economic constitution are teetering. However, the present constitutional crisis should not merely be conceived in economic terms. It extends to the political and social dimensions; it also affects democracy and transparency, as well as social values and rights.
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The Future of Europe: Towards a Two-Speed EU?

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Wednesday, February 1, 2012
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The European Union is in crisis. Public unease with the project, Euro problems and dysfunctional institutions give rise to the real danger that the European Union will become increasing irrelevant just as its member states face more and more challenges of a globalised world. Jean-Claude Piris, a leading figure in the conception and drafting of the EU's legal structures, tackles the issues head on with a sense of urgency and with candour. The book works through the options available in light of the economic and political climate, assessing their effectiveness. By so doing, the author reaches the (for some) radical conclusion that the solution is to permit 'two-speed' development: allowing an inner core to move towards closer economic and political union, which will protect the Union as a whole. Compelling, critical and current, this book is essential reading for all those interested in the future of Europe.
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The State of the Union 2013. Collected Perspectives

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Tuesday, January 1, 2013
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The State of the Union conference is an annual event for high-level reflection on the European Union, organised by the European University Institute (EUI) in Florence, Italy. The conference brings together policy-makers, leading academics, and business and opinion leaders to discuss the present and future prospects of the European Union.
"State of the Union 2013: Collected Perspectives" brings together some of the keynote lectures, speeches, and papers presented at the 2013 State of Union conference. While Europe is the concern of the whole book, part I of the volume focuses on the theme of ‘Institutions and Democratic Governance’, while Part II focuses on the theme of ‘Migration and Citizenship’. Contributors include policy-makers, leading academics, and business and opinion leaders.
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Deepening the EMU: How to Maintain and Develop the European Social Model?

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Friday, November 1, 2013
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In the first part of this study, the authors present an overview of the state of ”Social Europe” today with an emphasis on the consequences of the new economic governance on national employment and social policies and the impact of the current crisis on national welfare states. In the second part of the study, the authors propose three possible scenarios for EMU’s future. These scenarios are built on different assumptions and they include a set of initiatives in the fields of the fiscal, economic, banking and political union as well as EMU’s social dimension. The authors assess each scenario on the basis of their main consequences for the euro area economy and for national welfare states from core and peripheral member states.
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Challenges of Multi-Tier Governance in the European Union Effectiveness, Efficiency and Legitimacy: Compendium of Notes

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Friday, March 1, 2013
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This compendium includes articles of a number of eminent experts invited by the Policy Department C to exchange with the Members of the Constitutional Affairs Committee of the European Parliament on the issues related to the challenges of the multi-tier governance in the EU. They aim at providing unique insights into the major questions of efficiency, effectiveness and legitimacy that the EU governance is currently facing. While dealing with the lessons from the past experiences of the differentiated integration, they put naturally a specific focus on current challenges with the respect to the Economic and Monetary union. They further analyse the impact of those developments on the European institutions and their decision-making processes and mechanisms of its legitimation. The compendium concludes with options for managing this increasing tension towards differentiation within the EU in the future.
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European Economic Governance in an International Context

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Tuesday, January 1, 2013
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The book presents compendium of speeches from the Global Jean Monnet Conference on European economic governance in 2011. It discusses the future of the European Union and on the future of European economic and monetary integration. Speakers address following issues: safeguarding the stability of the euro area and the enhanced instruments for crisis intervention, reinforced fiscal and macroeconomic coordination and surveillance: economic aspects, strengthening the governance of the euro area: political and institutional aspects and the EU and global macroeconomic governance (G8, G20, IMF).
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The European Union after the Treaty of Lisbon: Visions of Leading Policy-makers, Academics and Journalists

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Saturday, January 1, 2011
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On 25-26 May 2010, the Jean Monnet Programme organised a two-day Global Jean Monnet Conference entitled "The European Union after the Treaty of Lisbon". As has been a biennial tradition for more than a decade, the Global Jean Monnet Conference was joined by ECSA-World, i.e. the network of national European Community Studies Associations that are active world-wide. The Conference, which took place at the European Parliament, brought together 420 leading policy-makers, diplomats, renowned academics, journalists and civil society representatives from 69 countries. The Global Jean Monnet / ECSA-World Conference confirmed its reputation as "a platform to reflect on major policy developments and coming priorities" and provided an in-depth analysis of the impact of the Lisbon Treaty in four main areas: the EU's institutional balance and institutional co-operation, fundamental rights and EU citizenship, the new EU framework for confronting global economic challenges and the EU as an international political and security actor.
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Global Europe 2050

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Sunday, January 1, 2012
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We can rise to the Europe 2020 challenges of dealing with an ageing population, securing sustainable resources, developing clean energy supplies, improving healthcare and combating climate change – but only if we take effective short, medium and long term action. This is why the European Commission asked twenty five leading analysts to look into the future and work through a number of scenarios to see where the EU might be in 2050. Their work, presented in this Global Europe 2050 report, analyses three key scenarios which describe different but nonetheless possible pathways that Europe could choose to follow over the decades to come.
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Empowering Europe’s Future: Governance, Power and Options for the EU in a Changing World

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Thursday, December 5, 2013
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Looking to 2030, global change will be occurring at an accelerated pace in an unpredictable fashion. The world in 2030 will be a more fragile place due to the rise of economic interdependence, the diffusion of power, and the disruptive potential of technological innovation and extreme events. Ten years ago, for example, the SARS outbreak cost businesses $60 billion – and caused the loss of about 2% of East Asian GDP. Vulnerability to unexpected events – such as the 2010 Icelandic ash-cloud or the 2011 Japanese tsunami – will only increase as global supply chains expose states and societies to the effects of political crises and disruptions, even in distant regions. Weak or rigid governance systems will increasingly struggle to respond to these trends.
In this less predictable world, power shifts will not be linear, not least due to the proliferation of domestic challenges in emerging economies. Whether they are in relative rise or decline, the risk may be that many governments become more introverted and less inclined to international engagement and compromise, as they cope with increasing turbulence at home. Conversely, a faster-changing world will offer wide-ranging options and new opportunities to more actors – both state and non-state – who are flexible and quick enough to seize them. Cities may lead efforts to reduce carbon emissions; smaller states, like Sweden, Singapore or Qatar, may shape international agendas and regional affairs through the use of technical leadership or coalition-building. Power shifts will not necessarily be a zero-sum game; the gains of some need not entail losses for others.
Governments, regional organisations and international institutions will struggle to cope with the twin trends of increased interdependence and greater fragmentation. With a larger range of influential state and non-state actors, managing complexity and setting political agendas will become more challenging at both the domestic and international levels. This could result in a deficit of leadership and governance on the global stage. Future influence in international affairs will depend on how state and non-state actors deploy their respective power assets. As power becomes more diffuse, it will also become more constrained, which will put a premium on the ability to partner and build political coalitions.
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