Trust and Cohesion in Europe: Lessons from the Delian League

9 Pages Posted: 27 Mar 2019

See all articles by Athanasios Orphanides

Athanasios Orphanides

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Date Written: March 22, 2019

Abstract

The multiple crises observed in the European Union over the past decade have undermined trust and the foundations for cohesion in Europe. In the absence of a common government, confederations without strong common independent institutions are fragile and prone to collapse. Some of the observed weaknesses in Europe today have parallels to the Delian League, a confederation of states formed in Europe in the fifth century BCE. Though initially successful, the Delian League collapsed within a century of its formation, following its transformation from a confederation of equal member states to an empire governed by Athens. Deviations from best policy practice by European institutions and the adoption of policies that appear to favor stronger Member States over weaker Member States similarly risk undermining Europe today.

Keywords: European Union, ECB, euro crisis, Delian League

JEL Classification: E52, E58, E61, H63, N43

Suggested Citation

Orphanides, Athanasios, Trust and Cohesion in Europe: Lessons from the Delian League (March 22, 2019). MIT Sloan Research Paper No. 5716-19. Available at SSRN: https://ssrn.com/abstract=3360547 or http://dx.doi.org/10.2139/ssrn.3360547

Athanasios Orphanides (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

100 Main Street
E62-416
Cambridge, MA 02142
United States

HOME PAGE: http://mitsloan.mit.edu/faculty/detail.php?in_spseqno=54058

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