“What is even more shocking, among the largest receivers of CAP subsidies are some of the most prestigious aristocratic families of Britain, as well as the present owners of the large collective farms privatized after the fall of East Germany’s communist regime. According to a study by professor Richard Baldwin of the Graduate Institute of International Studies in Geneva (reported by the International Herald Tribune (Castle 2007) in the 2003–2004 farming year, the Queen of England and Prince Charles received 360,000 euros in EU farm subsidies, the Duke of Westminster 260,000 euros, and the Duke of Marlborough 300,000 euros. Incidentally, the capture by powerful national interests of what was supposed to be the core of a ‘welfare state for farmers’ exemplifies the kind of problems that a European welfare state – advocated by some to correct the alleged neo-liberal bias of the EU – would have to face.”
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
“In the words of the German finance minister, Wolfgang Schaeuble, as reported by the International Herald Tribune (Castle and Erlanger 2011): ‘In recent months it has become clear: the answer to the crisis can only mean more Europe. . .Without. . . further steps toward stronger European institutions, eventually Europe will lose its effectiveness. We have to look beyond the national state.’ Other members of the Berlin government, possibly including the Chancellor herself, seem to share the view that the crisis could, paradoxically, bring the EU much closer to a political union. The crisis, they argue, cannot be resolved without a much tighter coordination of the fiscal and social policies of the members of the euro zone, even if this implies additional limits on national sovereignty. Also the leader of the opposition Social-Democratic Party, Sigmar Gabriel, is of the opinion that the crisis calls for political union.”
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
“According to the survey conducted by the Pew Research Center in 2012 (see the Introduction) Germany is today the only member of the EU in which most people, 59 per cent, think their country has been helped by European integration. Majorities or near majorities in most countries surveyed now believe that the economic integration of Europe has actually weakened their economies. This is the opinion in Greece (70 per cent), France (63 per cent), Britain (61 per cent), Italy (61 per cent), the Czech Republic (59 per cent), and Spain (50 per cent). The survey data also show that the crisis of the euro has triggered a full-blown crisis of public confidence: in the economy, in the future, in the benefits of European economic integration, in membership in the EU, in the euro and in the free-market system. Again, Europeans largely oppose further fiscal austerity to deal with the crisis; they are divided on bailing out indebted nations; and oppose Brussels’ oversight of national budgets. In short, the European project is a major casualty of the ongoing sovereign-debt crisis: we are witnessing the failure of the attempt to integrate Europe through a ‘positive’ law that has neither produced the promised benefits for the people, nor has it been enacted by the people itself.”
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
“The legitimacy crisis sparked by the crisis of monetary union is aggravated by the refusal of the larger member states to accept their share of responsibility for the present predicament. A convenient theory has been advanced in order to justify this hypocritical stance. The theory, as summarized by Fritz Scharpf (2011: 21–2), runs something like this: if successive Greek governments had not engaged in reckless borrowing the euro crisis would not have arisen; and if the Commission had not been deceived by faked records, rigorous enforcement of the Stability Pact would have prevented it. So, even though the more ‘virtuous’ members are now unable to refuse to help the ‘sinners’, such conditions should never be allowed to occur again. Such arguments, which in the ‘rescuer’ countries still dominate debate about the origins of the crisis, are used to justify the disciplinary measures discussed in the preceding pages. The emphasis is on continuous, and rapid, reduction of total public-sector debt; on the European supervision of national budgeting processes; on greater harmonization of fiscal and social policy; on earlier interventions and sanctions; and on ‘reverse majority’ rules for the adoption of more severe sanctions by ECOFIN. As most experts agree, however, the received view on the causes of the euro crisis is only partly correct for Greece and completely wrong for countries such as Ireland and Spain. At any rate, it should not be forgotten that Greece was admitted in 2001 as the twelfth member of monetary union in spite of the fact that all governments knew that Greek financial statistics were unreliable.”
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
“As we know, integrationists saw EMU as a decisive step toward European unification, while different national leaders had different, but in each case political, reasons for supporting it. In contrast, most ‘neo-liberal’, or simply old-fashioned liberal, economists – from Milton Friedman to Martin Feldstein, from Kenneth Rogoff to Paul Krugman and the majority of German economists – opposed the idea of a centralized monetary policy for structurally diverse economies. After the introduction of the common currency, and even before the debt crisis of the euro zone, most competent economists continued to remain sceptical about the long-term success of the project – for good reasons.”
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
― Rethinking the Union of Europe Post-Crisis: Has Integration Gone Too Far?
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