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After the crisis: A new socio-economic settlement for the EU

After the crisis: A new socio-economic settlement for the EU

Roger Liddle (ed)

27 October 2009


After the crisis: A new socio-economic settlement for the EU

At a watershed moment in the evolution of European economic governance, this edited volume sets out the socio-economic challenges facing Europe after the global crisis and what political challenges these entail.

Over the next decade the EU must be ready to redefine itself: what its role is as a political entity in a rapidly changing world and how it should reform itself, both internally and externally, in order to overcome and respond to the multifaceted challenges of the global age we now live in. In short, the challenge of making the EU “fit for purpose”.

Needless to say, this is where controversy begins: what exactly is the EU’s “purpose” in the 21st century and what kind of reforms are required to render it “fit”? In this volume, leading thinkers and experts provide compelling answers to issues of economic governance, financial regulation, budget reform, social policy and sustainable growth.

This pamphlet is one of three volumes containing over thirty original policy papers on the full range of EU challenges. In addition, a synthesis report provides a compact analysis of how the EU needs to evolve and operate if it is to live up to the expectations and hopes of many of its citizens.


Chapter 1 Roger Liddle
From crisis to opportunity: Europe’s economic choices

Chapter 2 George Pagoulatos
Regulating financial capitalism: the EU’s global responsibility

Chapter 3 Gabriel Glöckler
Euro area governance and the financial crisis: new quality or flash-in-the-pan?

Chapter 4 Alan Mayhew
The EU budget: not “fit for purpose” but change is afoot, gradually

Chapter 5 Carlos Mulas-Granados
The fourth dimension: financial supervision and economic governance

Chapter 6 Nikos Koutsiaras
Do we need the Lisbon strategy after all? Lessons from the (recent) past;issues for the future

Chapter 7 Xavier Prats-Monné
In search of socio-economic reform and innovation:making “Social Europe” stronger

Chapter 8 Dermot Hodson and Marco Simoni
Lisbon through the looking glass: Europe’s knowledge economy and the Varieties of Capitalism

Chapter 9 Anke Hassel
Towards a European safety net

Chapter 10 Simona Milio
Rethinking social and regional cohesion: the need for a renewed policy

Chapter 11 Iain Begg
Reconciling Europe’s competitiveness with sustainable development

About the contributors

Iain Begg is professorial research fellow at the European Institute, London School of Economics. He has published extensively in academic journals and served as co-editor of the Journal of Common Market Studies, the leading academic journal focusing on the study of European integration, from 1998 to 2003.

Gabriel Glöckler is deputy head of the EU Institutions & Fora Division of the Directorate General International and European Relations at the European Central Bank.

Anke Hassel is professor of public policy at the Hertie School of Governance, Berlin. She is also visiting professor at the London School of Economics. She is the author of Wage Setting, Social Pacts and the Euro (2007).

Dermot Hodson is a lecturer in political economy at Birbeck College, University of London. He previously worked as an economist at the European Commission’s Directorate General for Economic and Financial Affairs.

Nikos Koutsiaras is a lecturer at the University of Athens and senior research fellow at ELIAMEP. He publishes widely on European integration, EMU employment and labour market issues policy, including “The European Constitution after (a period of) reflection” (ELIAMEP, 2007).

Roger Liddle is chair of Policy Network and a visiting fellow at the LSE’s European Institute. He was economic adviser to the European Commission president José Manuel Barroso until October 2007 and for seven years from 1997 European adviser to then British Prime Minister, Tony Blair. His most recent publication is Beyond New Labour (2009, with Patrick Diamond).

Alan Mayhew is Jean Monnet Professor and professorial fellow at the European Institute, Sussex University. He is a special adviser to the European Commission and a member of the international advisory panel to the Polish government for the preparation of the 2011 EU Presidency.

Simona Milio is associate director of the Economic Social Cohesion Laboratory, European Institute, London School of Economics and Political Science. She is the author of From Policy to Implementation in the European Union: the Challenge of Multi-level Governance System (2009).

Carlos Mulas-Granados is professor of economics at Complutense University in Madrid and director of the IDEAS Foundation. He is the author of Economics, Politics and Budgets: The Political Economy of Fiscal Consolidations in Europe (2006).

Georges Pagoulatos is associate professor of politics in the Department of International and European Economic Studies at Athens University of Economics and Business. He is a senior research fellow at ELIAMEP, as well as visiting professor at the College of Europe in Bruges.

Xavier Prats-Monné is director for employment policy, Lisbon strategy and international affairs at the European Commission’s Directorate General for Employment, Social Policy and Equal Opportunities.

Marco Simoni is a lecturer in European political economy as well as a British Academy post-doctoral fellow at the London School of Economics. He is working on a book examining the relations between the centre-left and organised labour in western European countries in the context of globalisation.

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