Global Constraints on European Integration over the Next Few Decades
Global Constraints on European Integration over the Next Few Decades
This chapter highlights some key global constraints on future European integration that have recently intensified, given the 2008 financial crisis, the pressures on the eurozone, and the financial difficulties in Greece, Ireland, Spain, and elsewhere. It argues that the first fifty years of implementation of the Treaty of Rome have concentrated on ever-deeper integration within Europe, following the sequenced approach set out in the 1957 treaty. Now, a half century later, Europe needs to focus more centrally on the constraints imposed on the integration process by global developments as it carries integration forward, rather than focusing largely on European integration in and of itself.
Keywords: European integration, financial crisis, eurozone, the Treaty of Rome
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