Table Of ContentOUPCORRECTEDPROOF–FINAL,20/11/2015,SPi
Beyond the Crisis
OUPCORRECTEDPROOF–FINAL,20/11/2015,SPi
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Beyond the Crisis
’
The Governance of Europe s Economic,
Political, and Legal Transformation
Editedby
Mark Dawson, Henrik Enderlein,
and Christian Joerges
1
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OUPCORRECTEDPROOF–FINAL,20/11/2015,SPi
Preface
At the time Mark Dawson, Henrik Enderlein, and Christian Joerges—all fac-
ulty members at the Hertie School of Governance—first came together to
discuss the concept of this volume, the global financial crisis that began in
2008andthesovereigndebtcrisiswithintheeurozone,whichemergedinits
wake,seemedtohavebeenbroughtlargelyundercontrol.Yet,asweprepare
tosendthevolumetoprint,ithasbecomeclearthattheEuropeanUnionand
the eurozone are not yet out of the woods, so to speak. This is so not only
becauseoftheuncertaintiesbroughtaboutbythenewgovernmentinGreece
elected in January 2015, or the continuing high levels of unemployment in
manyeurozonecountries.Thecrisisanditsmanagementhaveleftalonglist
of open political, legal, and economic questions on the functioning and
fundamental structure of the economic and monetary union, as well as of
theEuropeanUnionasawhole.
This volume and its companion, The Governance Report 2015, take an inter-
disciplinaryapproachtoexploringthreeofthequestionsonthislist.First,how
can stability in the eurozone and the full integration of the European single
market be achieved? Second, how have new methods for consultation and
decision-making influenced the legal framework and institutions of the EU,
and, in particular, how have they affected the accountability mechanisms
thatwereinplacebeforethecrisis?Finally,howhascrisismanagementaffected
the bases of the Union’s very legitimacy? In addition, we have collected
and developed a set of indicators that allows analysts to examine selected
macroeconomicandpublicopinionvariablesinordertodetecttrendstoward
convergence and to reveal associations among the variables, among other
analyses.Achapterinthisvolumefeaturesonewayofusingtheindicators.
ThevolumestemsfromaninterdisciplinaryeffortledbytheHertieSchool
ofGovernanceinBerlin,Germanytoexaminethestateofgovernanceatthe
local, national, and transnational levels, and by looking at governments,
public administration, business corporations, and civil society. In doing so,
the Governance Report initiative enlists Hertie School experts, as well as
scholars—likethosecontributingtothisvolume—fromotherinstitutions.
The results of this effort are available in an annual series that includes an
edited volume, a compact edition (both published by Oxford University
OUPCORRECTEDPROOF–FINAL,20/11/2015,SPi
Preface
Press),andadedicatedwebsiteatwww.governancereport.orgthatoffersaccess
to additional background information, a governance innovations database,
andourgrowingsetofgovernanceindicators.Together,thesevariousoutputs
and outlets are designed to provide both policy-makers and analysts with
ideas, knowledge, and tools to consider and implement policies and pro-
grammesthatleadtobettersolutionstopublicproblems.
Launched in 2013, the first set of outputs, including The Governance Report
2013andthecompanioneditedvolume,GovernanceChallengesandInnovations:
Financial and Fiscal Governance (edited by Helmut K. Anheier), examines the
challengesofgoverningfinancialandfiscalcrises.Itproposesanewparadigm—
‘responsiblesovereignty’—fortacklingglobalissues,highlightsselectedgovern-
anceinnovations, and introducesa newgeneration of governanceindicators.
The2014editions,TheGovernanceReport2014andTheProblem-SolvingCapacity
oftheModernState:GovernanceChallengesandAdministrativeCapacities(editedby
Martin Lodge and Kai Wegrich), highlight the administrative capacities that
may be required of states to be able to meet the demands of today’s public
problems, examining how much ‘muscle’ is left during the current ‘age of
austerity’ after waves of reforms that have changed the architecture of the
state.Upcomingeditionswillcovertheprogressandsetbacksinthegovernance
of infrastructure, the governance of democracy, i.e., how democracies can be
supportedandmaintained,andmetropolitangovernance.
ManypeoplehavebeeninvolvedintheGovernanceReporteffort.Among
them are members of the Report’s International Advisory Committee who
haveofferedinputatvariousstagesoftheproject:
CraigCalhoun LondonSchoolofEconomics
WilliamRobertsClark TexasA&MUniversity
JohnCoatsworth ColumbiaUniversity
AnnFlorini SingaporeManagement
University&BrookingsInstitution
GeoffreyGarrett UniversityofPennsylvania
MaryKaldor LondonSchoolofEconomics
EdmundJ.Malesky DukeUniversity
HenriettaMoore UniversityCollegeLondon
WoodyPowell StanfordUniversity
BoRothstein QualityofGovernmentInstitute,
UniversityofGothenburg
ShankerSatyanath NewYorkUniversity
JamesVreeland GeorgetownUniversity
KentWeaver GeorgetownUniversity
ArneWestad IDEAS,LondonSchoolofEconomics
MichaelZürn WissenschaftszentrumBerlin
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Preface
The Hertie School community, especially the faculty, has also engaged
in many ways. Working with the authors at various stages has been an
active team of research assistants and associates including Max Callaghan,
Alieza Durana, Christopher Ellis, Sonja Kaufmann, Jessica Leong Cohen,
Olga Kononykhina, Maris Moks, Joachim Rahmann, Rose Vincent, and
Christopher (CJ) Yetman. We also wish to thank the Board of the Hertie
SchoolofGovernanceforencouragingthiseffort,andforprovidingcritical
feedbackanddirection.
Finally,wewishtoacknowledgeespeciallythesupportoftheHertieFoun-
dation and the additional financial resources provided by the Berggruen
Institute, Evonik, and Stiftelsen Riksbankens Jubileumsfond that made this
effortpossible.
HelmutK.AnheierandReginaA.List
Berlin,April2015
HelmutK.AnheierisPresident,Dean,andProfessorofSociology
attheHertieSchoolofGovernance.
ReginaA.ListisManagingEditorofTheGovernanceReport.
vii
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Table of Contents
ListofTablesandFigures xi
ListofAbbreviations xiii
AbouttheContributors xv
1. Introduction:TheGovernanceoftheTransformation
ofEurope’sEconomic,Political,andConstitutional
ConstellationsincetheEuroCrisis 1
MarkDawson,HenrikEnderlein,&ChristianJoerges
PartI. EconomicGovernance
2. TowardsanEverCloserEconomicandMonetaryUnion?
ThePoliticsandEconomicsofExploratoryGovernance 13
HenrikEnderlein
3. MakingtheEuroThrivefortheNext100Years:WhatIs
Needed,andWhatIsMissing? 24
MarcelFratzscher
4. RebalancingandCompletingtheEuropeanMonetaryUnion 44
LoukasTsoukalis
5. RebalancingtheGovernanceoftheEuroArea 62
JeanPisani-Ferry
PartII. InstitutionalTransformationthroughtheEuroCrisis
6. OpeningPandora’sBox?TheCrisisandtheEUInstitutions 85
MarkDawson
7. EmergingfromtheEuroCrisis:TheInstitutionalDilemmas
ofaPoliticalUnion 94
SergioFabbrini
