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The Financial and Economic Crisis: A Missed Opportunity to Rethink the Institutional Architecture of the European Union
Author/s:  Giulio Peroni 
Year:  2017 Issue: Language: English 
Pages:  19 Pg. 69-87 FullText PDF:  248 KB
DOI:  10.3280/CEU2017-002004
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The Euro crisis has raised two critical issues. Firstly, the emergence of the financial systemic risk which consists in the possibility that the danger of PIGS state’s default will spread to other EU members and secondly, the reshaping of the EU institutional architecture thanks to the introduction of new legal and economic instruments functional to avoid the single currency’s collapse. The solutions adopted, partially assumed with the recourse to the intergovernmental method, have favoured a significant reinforcement of the EU Commission and especially of the European Central Bank, with a marginalization of the EU Parliament with the further effect of favouring the prevalence of the technocratic method on democratic one. The paper aims to analyse the mentioned aspects, trying to underline the critical aspects of the transformation process that is characterizing the current history of the European Union.

Giulio Peroni, in "CITTADINANZA EUROPEA (LA)" 2/2017, pp. 69-87, DOI:10.3280/CEU2017-002004


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