The Euro Crisis and Its Impact on National and European Social Policies

45 Pages Posted: 18 Oct 2013

See all articles by Christophe Degryse

Christophe Degryse

European Trade Union Institute (ETUI)

Maria Jepsen

European Trade Union Institute (ETUI)

Philippe Pochet

European Trade Union Institute (ETUI)

Date Written: October 14, 2013

Abstract

This critical working paper looks at the series of political choices, circumstances and windows of opportunity that have enabled one particular vision of the model of EU monetary union to gain acceptance. In the context of this model, political union is not considered an accessible way to manage the crisis, for the rescue of the euro is regarded as feasible only in a more competitive economy.

The social dimension, accordingly, becomes the adjustment variable. In this regard, the statements made by the President of the European Central Bank announcing the death of the European Social Model, are merely the anticipation of a reality that is the outcome of a political choice, based on a set of economic prescriptions and which takes for granted the impossibility of attaining true political union.

Keywords: monetary union; euro; political integration; economic recession; social policy; EU countries

Suggested Citation

Degryse, Christophe and Jepsen, Maria and Pochet, Philippe, The Euro Crisis and Its Impact on National and European Social Policies (October 14, 2013). ETUI Working Paper 2013.05. Available at SSRN: https://ssrn.com/abstract=2342095 or http://dx.doi.org/10.2139/ssrn.2342095

Christophe Degryse (Contact Author)

European Trade Union Institute (ETUI) ( email )

B-1210 Brussels
Belgium

Maria Jepsen

European Trade Union Institute (ETUI) ( email )

B-1210 Brussels
Belgium

Philippe Pochet

European Trade Union Institute (ETUI) ( email )

B-1210 Brussels
Belgium

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