Monetary Union and Social Europe
Bibliographic Data
| ID | 12256161 |
|---|---|
| Authors | Paul Teague (0000-0002-9470-2198, University of Ulster, Northern Ireland, corresponding author) |
| Year | 1998 |
| Volume | 8 |
| Issue | 2 |
| Pages | 117-137 |
| Publication date | 1998-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of European Social Policy (JOURNAL) |
| Journal identifiers | ISSN: 0958-9287 • E-ISSN: 1461-7269 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/095892879800800202 |
| OpenAlex | W2138478165 |
| Language | EN |
| Citations received | 15 |
| References cited | 13 |
Establishing a single currency will launch the EU on a journey into the unknown. Thus while it is widely accepted that the fall-out from this decision will be far-reaching, little consensus exists on the impact on particular policy arenas. This article explores some of the main implications of monetary union for Social Europe-national systems of welfare pro vision and employment regulation. It is argued that efforts by virtually all the member states to meet the Maastricht criteria for joining the single currency club are impacting negatively on Social Europe. Moreover, with the member states signing a deflation-oriented Stability Pact, this cold climate threatens to spill over into the actual operation of the new Euro- zone. Thus the road to monetary union paved by Europe's political elite spells bad news for already beleaguered welfare and employment systems. At the same time, the article argues that a different form of monetary union is necessary to create more robust macroeco nomic foundations to Social Europe. At present, it is suggested that a big coordination deficit has emerged inside the European economy, causing an inhospitable environ ment for the social dimension in the absence of a single currency. Thus retreating to national mechanisms for economic management is rejected as an alternative project to the Maastricht plan for monetary union. Finally, the article investigates the viability of various reform paths to make the new Euro-zone more socially friendly
Club · Currency · Economic and monetary union · Economic policy · Economics · Elite · European integration · European union · Macroeconomics · Market economy · Member states · Political economy · Political science · Political union · Politics · Single currency · Stability and Growth Pact · Welfare · European Monetary and Fiscal Policies · Fiscal Policies and Political Economy · Law · Social Policy and Reform Studies
European States and the Euro
Why EMU Is—or May Be—Good for European Welfare States
The Euro and Labour Market and Wage Policies
Lisbon and social Europe
Monetary Union, Social Policy and the Problem of a Redistribution-Proof European Identity
On Collision Course
Americanised and Europeanised
The social dimension of European cohesion policy in a 27-state Europe
Disciplinary Neoliberalism in the European Union and Gender Politics
The Nordic welfare state in a European context
British trade unions, the 1975 European Referendum and its legacy
III. Social Policy
On consensus, constraint and choice
Europeans outside the EU
Can opposites attract? Monetary union and the social market
| Citations per year | 0.58 |
|---|---|
| Citation span | 2000 - 2009 (10) |
| Highly cited | No |