Rush to Union: Understanding the European Federal Bargain
Language: English
Published by Clarendon Press, 1996
- Hardcover
- New
Seller: Kennys Bookstore, Olney, MD, U.S.A.Kennys Bookstore
AbeBooks seller since October 9, 2009
Condition: New
£ 161.09
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Add to basketItem description from seller
Why did the Europeans decide to create a political union at Maastricht and what are the chances of its succeeding? This book answers these questions by applying theories of the origins and viability of federal unions to the European case. It concludes that in the absence of fundamental political changes, European Union is not viable. Num Pages: 192 pages, line figures, tables. BIC Classification: 1D; JPF; JPHC; JPSN2. Category: (P) Professional & Vocational. Dimension: 224 x 143 x 17. Weight in Grams: 381. . 1996. Illustrated. hardcover. . . . . Books ship from the US and Ireland.
Seller Inventory # V9780198280583
- Title
- Rush to Union: Understanding the European Federal Bargain
- Author
- McKay, David
- Publisher
- Clarendon Press
- Publication year
- 1996
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0198280580
- ISBN 13
- 9780198280583
Part I of the book makes the claim that by the late 1980s political elites in all the EU member states had become convinced that inflation must be controlled at all costs and that the only way of ensuring this was the adoption of a single currency policy policed by an independant European bank. Alternative policies based on economic nationalism were discredited and no major political party in any of the EU states dissented from the single currency solution. The commitment to the resulting federal bargain became evident during the currency crisis of 1992 and 1993 when governments of both left and right pursued deflationary policies in the midst of a recession in order to retain their credibility as potential candidates for monetary union.
Part II considers the viability of union by examining the relationship between fiscal centralization and political centralization in Europe and in other federations. It is argued that given the variations among member states, European union can only work with a relatively strong federal government accountable via Europe-wide political parties operating in a powerful European Parliament. The book concludes that European political union is not tenable in the absence of these fundamental changes.
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Kennys Bookstore
Olney, MD, U.S.A.
AbeBooks seller since October 9, 2009
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