Joerges, Christian (2015) Between Jürgen Habermas and Carl Schmitt: Flaws, old and new, in the project of European integration. [Conference Proceedings] (Submitted)
Abstract
European Integration was constructed as a political project relying for its realizations primarily on economic processes. Economic and Monetary Union as accomplished by the Maastricht Treaty were expected to consummate this endeavour. However, the whole edifice started to erode immediately after its establishment. Following financial and sovereign debt crises, EMU with its commitments to price stability and monetary politics is perceived as a failed construction precisely because of its reliance on inflexible rules. European crisis management seeks to compensate for these failures establishing regulatory machinery which disempowers national institutions and burdens in particular Southern Europe with austerity measures; it establishes pan-European commitments to budgetary discipline and macroeconomic balancing. At present the Union is in state of emergency. The prospects for the return in a constitutional condition are anything but clear.
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