Eurocrisis
Table of Contents Introduction 2 I. European integration pre-crisis 2 Paris Treaty 2 Rome Treaty 3 Maastricht Treaty 3 The European Integration through a Single Currency 4 TRANSITIONAL STAGE 1999-2001 : Official launch of the EURO 4 II. The Euro-crisis 5 The EURO Crisis: Timeline of the Events 5 2001-2008 5 2009 5 2010 5 2011 6 2012 7 The EURO Crisis: The result of a failed European Integration. 7 III. Redefinition of the European Integration 9 Addressing the Crisis through remedies 9 New rules for integrating new countries 9 Conclusion 10 Bibliography 11 Newspaper articles (online/electronic article) 11 Books 12
Introduction
The obvious answer is that yes, the euro-crisis has had an impact on the European integration process, making it more difficult for new countries to access to the EU.
It is the European integration of the previous years that has in fact led to the current European crisis and as a result, the European integration would have to be redefined so as not to fall into the same traps of past years. (More stringent rules of accession to the EU, such as stricter public deficit limits, more powers of sanctions from the EU commission to member states etc…). We will explore in a first part how the European integration was conceived and orchestrated pre-crisis, the rules of accession established by the different treaties, as well as the single currency process, then we will go through a brief outline of the crisis as well as the reasons of the whole crisis we are in, to finally address the problem and attempt a redefinition of the European integration process.
Despite an intricate and developed model of regional integration as well as the will from European leaders to lead a united front towards European integration, the EU integration model did present its flaws and showed its weaknesses leading to the current EURO crisis… let us now begin by looking at the European integration process pre-crisis.
Introduction
The obvious answer is that yes, the euro-crisis has had an impact on the European integration process, making it more difficult for new countries to access to the EU.
It is the European integration of the previous years that has in fact led to the current European crisis and as a result, the European integration would have to be redefined so as not to fall into the same traps of past years. (More stringent rules of accession to the EU, such as stricter public deficit limits, more powers of sanctions from the EU commission to member states etc…). We will explore in a first part how the European integration was conceived and orchestrated pre-crisis, the rules of accession established by the different treaties, as well as the single currency process, then we will go through a brief outline of the crisis as well as the reasons of the whole crisis we are in, to finally address the problem and attempt a redefinition of the European integration process.
Despite an intricate and developed model of regional integration as well as the will from European leaders to lead a united front towards European integration, the EU integration model did present its flaws and showed its weaknesses leading to the current EURO crisis… let us now begin by looking at the European integration process pre-crisis.
Bibliography: BBC NEWS. (2012) Timeline: The unfolding euro zone crisis. [ONLINE] June 13th 2012. Accessed from: <http://www.bbc.co.uk/news/business-13856580> [Accessed: November 26th 2012 ] Bloomberg [Accessed: November 25th 2012 ] ECB, (2012) STEINER, S. (2012) Timeline: Evolution of the European debt crisis. Yahoo Finance. [ONLINE] October 29th 2012. Accessed from: <http://finance.yahoo.com/news/timeline-evolution-european-debt-crisis-070133430.html> [Accessed: November 18th 2012 ]. SUDER, G. G. S. (2011). Doing business in Europe (2nd ed.). Los Angeles, [Calif.]: SAGE. WATTS, D. (2008). The European Union. Edinburgh: Edinburgh University Press.