Political Union: Can the Euro-outs Rely on the Community Institutions?
Political Union: Can the Euro-outs Rely on the Community Institutions?

Author(s): Agata Gostyńska
Subject(s): Supranational / Global Economy, Economic policy, Government/Political systems, International relations/trade, Economic development, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: European Union; political union; economic policy; budgetary policy; Eurozone; government; debt crisis;
Summary/Abstract: The debate about a political union, on standby mode since the fiasco of the Treaty establishing a Constitution for Europe, has been reinvigorated by EU actions to fight the sovereign-debt crisis. The recent shift in the division of competences strictly reserved for national parliamentary oversight and concerning sensitive matters of budgetary policy meant the question would not remain untouched, especially given, first, the insufficient democratic legitimacy and accountability of the Eurozone decision-making process, second, insufficient political leadership to take the EU out of crisis, and third, a lack of political consensus on measures to tackle the crisis, reinforcing the tendency to opt for integration at different speeds.

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