Power and changing modes of governance in the Euro Crisis
Date
2018-03-28
DOI
Authors
Schmidt, Vivien A.
Carstensen, Martin B.
Version
Published version
OA Version
Citation
Vivien Schmidt, Martin Carstensen. 2018. "Power and Changing Modes of Governance in the Euro Crisis." Council for European Studies Meetings, Chicago. March 28-30, 2018.
Abstract
Which European Union actors are most powerful in the governance of the euro crisis? The euro
crisis has reignited the classic debate between intergovernmentalists, who tend to stress the coercive
power of dominant member states in the European Council, and supranationalists, who maintain that
through the use of institutional power, the Commission and the European Central Bank turned out the
‘winners’ of the crisis. This paper argues that euro crisis governance is best understood not just in terms
of one form of power but instead as evolving through different constellations of coercive, institutional
and ideational power that favored different EU actors over the course of the crisis, from the initial fastburning phase (2010-2012), where the coercive and ideational power of Northern European member
states in the European Council was strongest, to the slow-burning phase (2012-2016), when greater
influence was afforded supranational actors through the use of ideational and institutional power.
Panel on ‘The coordination of macroeconomic policies at the EU level: unintended shifts in the modes of governance, institutions and power relations’. Paper to be presented at the Council for European Studies Meetings, Chicago (March 28-30, 2018. Published in Governance (2018) https://doi.org/10.1111/gove.12318
Panel on ‘The coordination of macroeconomic policies at the EU level: unintended shifts in the modes of governance, institutions and power relations’. Paper to be presented at the Council for European Studies Meetings, Chicago (March 28-30, 2018. Published in Governance (2018) https://doi.org/10.1111/gove.12318