The Crisis of Functionalism and the Reform of European Economic Governance

This paper studies the impact of the sovereign debt crisis on the development of the process of European integration and the constitutional framework of the EU. The first section focuses on the causes of the sovereign debt crisis, analysing the structural deficits and weaknesses of the Economic and...

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Autor principal:	Luca Lionello
Formato:	article
Lenguaje:	EN PL
Publicado:	Ksiegarnia Akademicka Publishing 2021
Materias:	Sovereign Debt Crisis Functionalism Economic and Monetary Union Law K Political science J
Acceso en línea:	https://doaj.org/article/80d9c6ba2b9a48968bd6d4a1574da248
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spelling	oai:doaj.org-article:80d9c6ba2b9a48968bd6d4a1574da2482021-11-27T13:08:21ZThe Crisis of Functionalism and the Reform of European Economic Governance10.12797/Politeja.12.2015.37.151733-67162391-6737https://doaj.org/article/80d9c6ba2b9a48968bd6d4a1574da2482021-06-01T00:00:00Zhttps://journals.akademicka.pl/politeja/article/view/2290https://doaj.org/toc/1733-6716https://doaj.org/toc/2391-6737 This paper studies the impact of the sovereign debt crisis on the development of the process of European integration and the constitutional framework of the EU. The first section focuses on the causes of the sovereign debt crisis, analysing the structural deficits and weaknesses of the Economic and Monetary Union (EMU). The second section looks at the reforms, which have been progressively adopted by the Eurozone to overcome the crisis and prevent the collapse of the single currency. The third section reflects on the longstanding contradictions of the integration process, in terms of its legitimacy and effectiveness, which the crisis has definitely highlighted demanding an effective solution. In this regard, the paper argues that the sovereign debt crisis represents a turning point in the history of European unification, marking the limits of the functionalist approach of integration and demanding a re‑launch of the constitutional project in order to provide the monetary union with a veritable economic government. Luca LionelloKsiegarnia Akademicka PublishingarticleSovereign Debt CrisisFunctionalismEconomic and Monetary UnionLawKPolitical scienceJENPLPoliteja, Vol 12, Iss 5 (37) (2021)
institution	DOAJ
collection	DOAJ
language	EN PL
topic	Sovereign Debt Crisis Functionalism Economic and Monetary Union Law K Political science J
spellingShingle	Sovereign Debt Crisis Functionalism Economic and Monetary Union Law K Political science J Luca Lionello The Crisis of Functionalism and the Reform of European Economic Governance
description	This paper studies the impact of the sovereign debt crisis on the development of the process of European integration and the constitutional framework of the EU. The first section focuses on the causes of the sovereign debt crisis, analysing the structural deficits and weaknesses of the Economic and Monetary Union (EMU). The second section looks at the reforms, which have been progressively adopted by the Eurozone to overcome the crisis and prevent the collapse of the single currency. The third section reflects on the longstanding contradictions of the integration process, in terms of its legitimacy and effectiveness, which the crisis has definitely highlighted demanding an effective solution. In this regard, the paper argues that the sovereign debt crisis represents a turning point in the history of European unification, marking the limits of the functionalist approach of integration and demanding a re‑launch of the constitutional project in order to provide the monetary union with a veritable economic government.
format	article
author	Luca Lionello
author_facet	Luca Lionello
author_sort	Luca Lionello
title	The Crisis of Functionalism and the Reform of European Economic Governance
title_short	The Crisis of Functionalism and the Reform of European Economic Governance
title_full	The Crisis of Functionalism and the Reform of European Economic Governance
title_fullStr	The Crisis of Functionalism and the Reform of European Economic Governance
title_full_unstemmed	The Crisis of Functionalism and the Reform of European Economic Governance
title_sort	crisis of functionalism and the reform of european economic governance
publisher	Ksiegarnia Akademicka Publishing
publishDate	2021
url	https://doaj.org/article/80d9c6ba2b9a48968bd6d4a1574da248
work_keys_str_mv	AT lucalionello thecrisisoffunctionalismandthereformofeuropeaneconomicgovernance AT lucalionello crisisoffunctionalismandthereformofeuropeaneconomicgovernance
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The Crisis of Functionalism and the Reform of European Economic Governance

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