The European dis-union and the Euro Plus Pact
Journal title SOCIOLOGIA DEL DIRITTO
Author/s Walter Cerfeda
Publishing Year 2012 Issue 2011/3
Language Italian Pages 7 P. 85-91 File size 69 KB
DOI 10.3280/SD2011-003005
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Europe is experiencing the most difficult period in its history and the future is completely uncertain and unpredictable. The unprecedented combination between economic stagnation and financial speculation may lead to a long period of economic recession and cause the very existence of the Euro currency to be called into question. This explains why there is a substantial moratorium on social rights. As the European social model has always been linked to its economic model, the current economic crisis is also triggering a social crisis. A policy of rigour alone is not enough. The crisis is not in the Euro, but of the Euro. There is an urgent need for a balance between rigour and growth. Not, then, a ‘Europe of the nations’, but an acceleration of economic integration and a real role for the European Central Bank. In fact, the short cut of offloading the entire competitiveness deficit onto labour is leading the EU into a cul-de-sac.
Keywords: Crisis - Speculation - Euro - Social model - Rigour - Growth - ECB - Work
Walter Cerfeda, La di-unione europea e il patto euro plus in "SOCIOLOGIA DEL DIRITTO " 3/2011, pp 85-91, DOI: 10.3280/SD2011-003005