Power Politics, Banking Union and EMU: Adjusting Europe to Germany

Research output: Book/ReportBookAcademic

7 Citations (Scopus)

Abstract

This book examines the politics of Banking Union and EMU reform in the EU, and draws lessons for what it means for international politics, both in Europe, and for international relations more broadly. It demonstrates that most of the reforms in Europe to break free of the Eurozone and banking crises in which Europe continues to find itself focus on building up the capacities of national authorities rather than European ones. The result is that national authorities remain largely in control of the decisions and funds that are to be deployed to prevent economic disaster if a single EU bank fails. The likely outcome is an accelerated balkanization of the European market for the foreseeable future.

The book also contends that power politics, and realism in particular, is a defining feature of European politics with coercion and enforced national responsibility at the demand of Germany; the dominant form of institution-building that established the responsible sovereignty model, and shut down the possibility of alternatives. In making this case, the book demonstrates that the dominant view in international relations, that power politics best explains the behaviour of states, also apply to the EU.
Original languageEnglish
PublisherRoutledge
Number of pages202
ISBN (Electronic)9781351332583
ISBN (Print)9781138572300
Publication statusPublished - 2018

Publication series

NameRoutledge/UACES Contemporary European Studies

Keywords

  • Banking Union
  • EMU
  • international relations

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    Donnelly, S. (2018). Power Politics, Banking Union and EMU: Adjusting Europe to Germany. (Routledge/UACES Contemporary European Studies). Routledge.