European integration: an assessment in terms of economic policies since the euro area crisis

Download

index.pdf

Date

2019

Author

Cangir, Oğuzhan

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

251
views

73
downloads

Since World War (WW) II, powerful steps in terms of enlargement and deepening have been taken forward to integrate Europe within the context of an organization called as the European Union (EU). Despite powerful steps, in recent years the EU has been facing challenging exams (constitutional crisis in 2005, the Euro Area (EA) crisis in 2009, refugee crisis, terrorist attacks etc.) which adversely affect the dynamism of integration, and consequently it is seen that there are some backward steps (Brexit and other possible exits from the EU) which can be defined as disintegration moves. Today the main motive of further integration can be attributed to economic benefits provided by integration itself, and today further integration comes with further economic integration which means more coordination between monetary and fiscal policies at EU level. In economic theory there are two main economic policy instruments; monetary policy and fiscal policy. From the point of the EU while monetary policies are carried out at union level by the European Central Bank, fiscal policies are left to the sovereignty of EU nations. In order to overcome this approach which can also be defined briefly as “single monetary policy - different fiscal policies”, various harmonization efforts have been made, especially through fiscal policies. In this context, the sovereignty of member states (MSs) of the EU has been tried to be restricted via the Maastricht convergence criteria and various other economic coordination procedures. Moreover, today many institutional and structural changes are taking place by means of economic policies (such as European Semester, European Stability Mechanism, Banking Union, etc.) created and implemented since the EA Crisis starting to be effective since 2009. In this study, it is aimed to examine the effects of the latest economic policies on European integration process. With the help of such an analysis, this thesis proposes the argument that Europe will continue to be integrated more and more but in small steps. Contrarily, for sure, regressions or some degree of disintegration moves due to economic crises or other economic and political reasons will be seen from time to time within European integration process. However, while these so-called disintegration moves can be seen rarely, all in all, it is considered that the benefits of integration will always come to the forefront.

Subject Keywords

European Economic Community., European integration, economic and monetary union, euro area economic policies, euro area crisis.

URI

http://etd.lib.metu.edu.tr/upload/12624795/index.pdf
https://hdl.handle.net/11511/45422

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

EUROPEAN SPACE POLICY IN A GLOBAL CONTEXT TONGA, ZEYNEP; TANRISEVER, OKTAY F.; Department of European Studies (2022-7) This study aims to analyse the motivations of the European Union in developing its Space Policy mainly in the Post-Cold War Period. In this context, the European Space Policy has been studied in terms of its civilian and military aspects. The thesis also analyses the history of the space race between the USA and the USSR during the Cold War Period in order to clarify the historical context of the EU’s space policy. Furthermore, the thesis also compares and contrasts the contemporary space policies of the US...
Comparative analysis of EU foreign policy in Syria with normative power Europe and realist power Europe Konur, Banu Nesibe; Bağcı, Hüseyin; Department of European Studies (2019) One of the most important of debates over the role of the EU in post-Cold War period has been the Normative Power Europe which is built on the idea that the EU does not act as traditional actors in terms of foreign policy and has a norm-setter and promoter role in post-Cold War period. The Normative Power Europe concept has been highly embraced by the EU Representatives, as well. However, the anarchic structure of the system can limit the actions of actors and acts as an important determinant in decision-ma...
Reforming the European union budget: a socıal constructivist policy approach Deniz, Mustafa; Kahraman, Sevilay; Department of International Relations (2010) The budget of the European Union has accomplished a significant role for European integration in the history of the Union. However, it has not resulted into anticipated developments compatible with the Union’s institutional policy reform process in the last decades. The budget has emerged as a consequence of path dependent developments in its historical progress, which has dragged the European Union to a critical stage. It is rather challenging for the Union now to sustain the current structure of the budge...
Germany in Europe or Europe in Germany: an evaluation of the mutual interaction between German reunification and European integration from 1945 until 2009 Tekiner, Uğur; Okyayuz, Mehmet; Department of European Studies (2015) The aim of the thesis is to analyse the mutual impact of the processes of the German reunification and European integration in the post-war era interchangeably, and specifically elaborate on the European Union experience of Germany from this period till 2009 Eurozone Debt Crisis. In this context, the focal point of the thesis will be to understand how German reunification actually emerged as an indispensable fact both for two separate German states and for the whole European continent. Given that the idea o...
The formation and transformation of trade relationsin the European Union (1958-2018) Akoğlu Şişman, Melda; Türkeş, Mustafa; Department of International Relations (2021-2-5) This thesis explores the formation and transformation of the European Union’s (EU) trade relations in its integration process, mainly considering the enlargements it has completed so far. Therefore, it seeks to answer how the six founding-core members and the newcomers, who joined the EU after its establishment, have shaped the trade relations of the EU between 1958 and 2018. The methodology is to demonstrate the trade policy formation and its reflection on the EU’s actual trade relations by presenting deta...

Citation Formats

O. Cangir, “European integration: an assessment in terms of economic policies since the euro area crisis,” Thesis (M.S.) -- Graduate School of Social Sciences. European Studies., Middle East Technical University, 2019.