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Brake and broker

Franco-German leadership for saving EMU

Bibliographic Data

ID6289936
AuthorsHanno Degner (0000-0003-0077-8819, Department of Political and Social Sciences, Zeppelin University Friedrichshafen, Friedrichshafen, Germany, corresponding author), Dirk Leuffen (0000-0002-0419-387X, University of Konstanz)
Year2021
Volume28
Issue6
Pages894-901
Publication date2021-06-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of European Public Policy (JOURNAL)
Journal identifiersISSN: 1350-1763 • E-ISSN: 1466-4429
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13501763.2020.1751678
OpenAlexW3018132032
LanguageEN
Citations received6
References cited25

Do France and Germany lead the euro zone? We argue that the governments of these two countries jointly and successfully used institutional as well as ideational leadership – both at the domestic as well as at the European levels – when creating the Economic and Monetary Union in the 1980s and 1990s. During the euro zone crisis, however, the two respective governments mainly relied on institutional leadership, but neglected the ideational component of leadership. In consequence, member states only agreed upon lowest common denominator solutions, leaving the institutional setup of the Economic and Monetary Union incomplete. More ideational engagement by the French and German governments and the investment of political capital, in our view, are necessary for the adoption of more far-ranging substantial reforms. This would make the euro zone – and more generally the European integration project – more resilient in the years to come

Brake · Business · Economics · German · Industrial organization · Operations management · Political science · Engineering · European Socioeconomic and Political Studies · European Union Policy and Governance · Global Financial Regulation and Crises · History · Automotive Engineering

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Unique citing works6
Citations per year1,2
Citation span2021 - 2024 (4)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 6

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