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The European dis-union and the Euro Plus Pact
Journal Title: SOCIOLOGIA DEL DIRITTO  
Author/s:  Walter Cerfeda 
Year:  2011 Issue: Language: Italian 
Pages:  7 Pg. 85-91 FullText PDF:  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, The European dis-union and the Euro Plus Pact in "SOCIOLOGIA DEL DIRITTO " 3/2011, pp. 85-91, DOI:10.3280/SD2011-003005

   

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