Between power and powerlessness in the euro zone crisis and thereafter
Bibliographic Data
| ID | 7880044 |
|---|---|
| Authors | Martin B Carstensen (0000-0002-0432-1632, Copenhagen Business School, corresponding author), Vivien A Schmidt (0000-0001-7764-0610, Boston University) |
| Year | 2021 |
| Volume | 28 |
| Issue | 6 |
| Pages | 922-929 |
| Publication date | 2021-06-03 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of European Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 1350-1763 • E-ISSN: 1466-4429 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13501763.2020.1751679 |
| OpenAlex | W3020439962 |
| Language | EN |
| Citations received | 7 |
| References cited | 22 |
Employing a multidimensional conception of power shows how interaction between EU institutional actors is structured by different kinds of power – coercive, institutional and ideational – and that none of these are sufficient on their own for actors to successfully drive the reform process. We ask not just who leads the euro zone, but how interactions between actors enable the polity to achieve (or not) its goals. This requires thinking of power in terms of both zero-sum and positive-sum outcomes, which reveals the weakness of the polity as a whole, whatever the power of different institutional actors. In this view, key for the long-term sustainability of the euro zone is an economic and political rebalancing among its members borne out at the level of common ideas and institutions and the leadership of the most resourceful member states. Despite significant reforms in wake of the crisis, such rebalancing seems far beyond the horizon
Economic system · Economics · Political economy · Political science · Power (physics · Energy, Economy, and Technology Trends · European Monetary and Fiscal Policies · Post-Communist Economic and Political Transition
China’s discourse on the belt and road initiative
Ideational robustness of economic ideas in action
Constructing Europe’s Collaborative Economy
Ideas and crisis in policy and administration
The determinants of euro zone development
Introducing the debate section
Conflict among member states and the influence of the Commission in EMU politics
Europe's Crisis of Legitimacy
The Euro and the Battle of Ideas
Austerity
Ideational power and pathways to legitimation in the euro crisis
The Unexpected Winner of the Crisis
A Postfunctionalist Theory of European Integration
Reinterpreting the rules ‘by stealth’ in times of crisis
Powerful rules governing the euro
The determinants of euro zone development
The European Union in disequilibrium
Liberal intergovernmentalism and the euro area crisis
Power and changing modes of governance in the euro crisis
The New Intergovernmentalism
Politicization in the EU
Europe's fast- and slow-burning crises
Conflict among member states and the influence of the Commission in EMU politics
Power through, over and in ideas
Crisis exploitation
European integration and the crisis
Lessons from the Greek crisis
Rethinking EU Governance
Intergovernmentalism and Its Limits
| Citations per year | 1.4 |
|---|---|
| Citation span | 2021 - 2024 (4) |
| Highly cited | No |