Rush to Union: Understanding the European Federal Bargain

Hardcover | July 1, 1996

byDavid McKay

not yet rated|write a review
The decision of Maastricht to create a political union and in particular to move towards a single currency constitutes something of an intellectual puzzle. Why did political leaders agree to cede the most important economic function of the modern state to a supernational authority? And whywas the decision taken in 1991 rather than 1981 or 1961? This book attempts to answer these questions by adapting William Rikers's federalism theory to the European case. Part I of the book makes the claim that by the late 1980s political elites in all the EU member states had become convinced that inflation must be controlled at all costs and that the only way of ensuring this was the adoption of a single currency policy policed by an independant European bank.Alternative policies based on economic nationalism were discredited and no major political party in any of the EU states dissented from the single currency solution. The commitment to the resulting federal bargain became evident during the currency crisis of 1992 and 1993 when governments of bothleft and right pursued deflationary policies in the midst of a recession in order to retain their credibility as potential candidates for monetary union. Part II considers the viability of union by examining the relationship between fiscal centralization and political centralization in Europe and in other federations. It is argued that given the variations among member states, European union can only work with a relatively strong federal governmentaccountable via Europe-wide political parties operating in a powerful European Parliament. The book concludes that European political union is not tenable in the absence of these fundamental changes.

Pricing and Purchase Info

$174.24 online
$237.00 list price (save 26%)
Ships within 1-3 weeks
Ships free on orders over $25

From the Publisher

The decision of Maastricht to create a political union and in particular to move towards a single currency constitutes something of an intellectual puzzle. Why did political leaders agree to cede the most important economic function of the modern state to a supernational authority? And whywas the decision taken in 1991 rather than 19...

From the Jacket

The decision at Maastricht to create a political union and in particular to move towards a single currency constitutes something of an intellectual puzzle. Why did political leaders agree to cede the most important economic function of the modern state to a supranational authority? And why was the decision taken in 1991 rather than 198...

David McKay is a Professor of Government at University of Essex.

other books by David McKay

The Liberator: part 2
The Liberator: part 2

Kobo ebook|Jun 9 2014

$0.00

Churchianity Vs Christianity
Churchianity Vs Christianity

Kobo ebook|Oct 9 2013

$0.00

Gospel Ideals
Gospel Ideals

Kobo ebook|Sep 12 2013

$18.19 online$23.56list price(save 22%)
see all books by David McKay
Format:HardcoverDimensions:192 pages, 8.5 × 5.43 × 0.67 inPublished:July 1, 1996Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198280580

ISBN - 13:9780198280583

Look for similar items by category:

Customer Reviews of Rush to Union: Understanding the European Federal Bargain

Reviews

Extra Content

Editorial Reviews

McKay's synthesis of European developments is succinct, persuasive within its own terms of reference, and challenging, but would require a far more rigorous evaluation of identity and politics to be complete. - Derek Urwin. Regional and Federal Studies.