Politics

The bailout strategies of the European Union: from the intergovernmental consensus towards the technocratic federalism

Economic Annals-XXI

Economic Annals-XXI: Volume 130, Issue 5-6(2), Pages: 20-23

Citation information:
Pyliavets, O. (2013). The bailout strategies of the European Union: from the intergovernmental consensus towards the technocratic federalism. Economic Annals-XXI, 5-6(2), 20-23. https://ea21journal.world/index.php/ea-v130-06/

View Full TextDownload PDF

Oksana Pyliavets
PhD Student,
The Institute of World Economy and International Relations of the National Academy of Sciences of Ukraine, Kyiv, Ukraine
oksanalytvyn@yahoo.com

The bailout strategies of the European Union: from the intergovernmental consensus towards the technocratic federalism

Abstract. The economic breakdown factored into the polarization and crisis of legitimacy at the national and supranational levels in the European Union. The purpose of this article is to study the implications of the economic crisis on the institutional building of the European Union within the context of democratic governance in a supranational system. The European Union is presented as a unique polity in which traditional democratic institutions of national political systems are modified and supplemented, leading to third essential transformation of democracy. The economic crisis challenged the democratic principles of the integration processes, posing the dilemma of effectiveness of intergovernmental deliberation to foster urgent economic reforms.

Growing scepticism towards bailout policies, developed by the European Union institutions, gives an impetus for the development of the radical political forces which are introducing anti-integration rhetoric in public discourse, calling for reconsideration of the integration paradigm. The recent developments and decision to enhance economic integration towards banking union strengthen the EU’s image as a political elite’s project, while the communication loop between its citizens and supranational institutions is hindered and balance between intergovernmental and federalist structures is disrupted in favour of technocratic federalism. To overcome this crisis, the EU needs to establish new efficient narrative to consolidate the European nations and achieve more democratic supranational governance.

Keywords: the European Union; Integration; Political System; Institutional Crisis; Legitimacy; Disintegration Paradigm; Federalism

JEL Classification: Z18

References

  1. Dahl, R. (2005). Democratic Tranformations. Кyiv: Smoloskyp (in Ukr).
  2. Marquand, D. (1978). Towards a Europe of the Parties. Political Quarterly, 49(4), 425-45.
  3. Hix, S. (1999). Dimensions and Alignments in European Union Politics: Cognitive Constraints and Partisan Responses. European Journal of Political Research, 35(1), 69-106.
  4. Shmitter, Ph. (1999). The Future of Democracy: Could It Be a Matter of Scale? Social Research, 66(3), 933-958.
  5. Keohane, R., & Martin, L. (1995). The Promise of Institutionalist Theory. International Security, 20(1), 39-51.
  6. Moravcsik, A. (2012). Europe after the Crisis. How to sustain a Common Currency. Foreign Affairs, 91(3), 54-68.
  7. Haas, E. B. (2004). The Uniting of Europe: Politics, Social and Economic Forces, 1950-1957. Notre Dame: University of Notre Dame Press.
  8. Nye, J. S., Lindberg, L. N., & Scheingold, S. (1971). Comparing common markets: a revised neofunctionalist model. Regional Integration: Theory and Research. Cambridge: Harvard University Press.
  9. Tоmmel, I. (2008). Das politische system der EU. Berlin: Oldenbourg Verlag.
  10. Political transformations of the EU influenced by economic crisis: implications for Ukraine (2011). Kyiv: National Institute for Strategic Studies (in Ukr.).
  11. Staring into the abyss. Europe and its Currency (2011). The Economist, 401(8759), 3-16.
  12. Habermas, J. (2012). The Crisis of the European Union. A Response. Cambridge: Polity Press.
  13. European Commission Directorate-General for Employment, Social Affairs and Inclusion (2012). Employment and Social Developments in Europe 2012.
  14. Greeks and Germans at Polar Opposites. European Unity on the Rocks (2012). Pew Research Center’s Global Attitudes Project Report 2012.
    Retrived from http://www.pewglobal.org/files/2012/05/Pew-Global-Attitudes-Project-European-Crisis-Report-FINAL-FOR-PRINT-May-29-2012.pdf
  15. European Commission Public Opinion Service (2011). Eurobarometer Data 2007, 2010.
    Retrieved from http://ec.europa.eu/public_opinion/cf/step2.cfm? keyID=372

Received 12.05.2013

View Full TextDownload PDF
In, , , , , , , ,

More Papers