infonet-economy

The European Union is in a state of emergency. The crisis it is facing today is a global one, rather than merely sector-specific as in the past. It therefore requires a global response, in other words at a political level. This is the central message conveyed by this selection of texts. Having presented some of the main challenges, both internal and external, with which the Union is contending, the author maintains the need for a European political authority subject to democratic control, in particular with regard to currency, foreign, defence and security policy and migration. He puts forward the case for a federative core within the Eurozone which at first could take the form of “enhanced cooperation” between a certain number of countries favourable to the idea, while allowing other Member States the possibility to join them. He also stresses the need to break with austerity policies, a breeding ground for populism, and to promote solidarity as a guiding principle for future actions. As a result an unprecedented European federalism could be developed which would provide the European continent with the means to defend its values and to continue to play its part as a major peacekeeper in the 21st century.