The Euro’s Taxing Path to Political Legitimacy

Dados Bibliográficos

ID7737271
AutoresMatthias Matthijs (0000-0001-8628-745X, autor correspondente)
Ano2023
Volume35
Fascículo4
Páginas319-331
Data de publicação2023-10-02
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoCritical Review (JOURNAL)
Identificadores do periódicoISSN: 0891-3811 • E-ISSN: 1933-8007
EditoraInforma UK Limited (PUBLISHER • GB)
DOI10.1080/08913811.2023.2283285
OpenAlexW4388895902
IdiomaEN
Referências citadas20

In Europe’s Crisis of Legitimacy: Governing by Rules and Ruling by Numbers in the Eurozone, Vivien Schmidt authoritatively charts how the European Union weathered the crisis of its single currency in the 2010s, gradually moving from fiscal austerity and structural reform to a more systemic solution and flexible interpretation of the euro’s governing rules. Using a discursive institutionalist approach in combination with a “systems theory” understanding of democratic decision making, Schmidt persuasively argues that we need to look at the euro problem as a fundamentally political problem that lacked democratic legitimacy as long as technocrats were in charge of policy solutions. Schmidt argues that the euro crisis needs to be broached from the point of view of the E.U.’s split-level legitimacy as well as the growing politicization of E.U. governance in an era of increasing populism and rising Euroskepticism. Schmidt’s application of discursive institutionalism allows readers to judge for themselves whose and which ideas mattered, why and in what way they were implemented, and how they gradually evolved over time.Keywords: Vivien Schmidtdiscursive institutionalismeuro crisisEuropean Unionlegitimacy Disclosure statementNo potential conflict of interest was reported by the author(s

Austerity · Democracy · Democratic legitimacy · Economics · European debt crisis · European integration · European union · Financial crisis · Historical institutionalism · Interpretation (philosophy · Keynesian economics · Law and economics · Legitimacy · Political economy · Political science · Politics · Populism · Sociology · Technocracy · European Union Policy and Governance · Global Financial Regulation and Crises · Law · Political Influence and Corporate Strategies