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This book offers a comprehensive political analysis of the Euro crisis that erupted in Greece in 2010 and subsequently threatened the very survival of the Euro area. It has left a profound mark on democratic politics all over Europe, changing public attitudes and voting preferences, institutional and societal norms, and deeply anchored political traditions. The contributors to this volume reveal the extent to which policymakers are torn between the pressures emanating from financial markets and the demands put forward by their own constituents; how they struggle to reconcile national preferences with wider European interests; and how a polarized and politicized Union seeks to maintain some degree of cohesion. The emerging picture is that of a European Union under serious stress, transformed by new governance structures and a shifting balance of power. In response, the authors evaluate the prospects of a more legitimate and democratic Europe. They provide a rich and pluralist set of new analyses and proposals, aimed at understanding and navigating the myriad tensions which surround the EU in the aftermath of the crisis. If the European project is to regain the trust of its citizens, such considerations must take a central place in public debate.
Olaf Cramme is former Director of Policy Network and a Visiting Fellow at the European Institute of the London School of Economics.Sara B. Hobolt is the Sutherland Chair in European Institutions and Professor at the European Institute of the London School of Economics and Political Science. London School of Economics and Political Science.
THE POLITICAL CONSEQUENCES OF THE CRISIS; PROSPECTS FOR A MORE LEGITIMATE AND DEMOCRATIC EUROPE
In this major new study, Pedersen portrays the League as an awkward and conflicted undertaking that nonetheless put in motion the decline of imperialism and the spread of national self- determination.