H2020 EMU Choices
EMU Choices: The Choice for Europe since Maastricht. Member States’ Preferences for Economic and Financial Integration
The euro area crisis demonstrated how weak economic policy coordination and loose fiscal oversight could destabilize a monetary union. To prevent the recurrence of such crises the EU and its member states determined to build ‘a deep and genuine economic and monetary union’ with reinforced governance structures. This multinational, 4-year project analyzes a rather neglected aspect of EMU, namely the politics of economic and fiscal integration. To fill the gap, the preferences of member states towards different models of fiscal union, and mechanisms of political consensus-building among member-states are studied in details through mixed methods. The consortium conducting this research is coordinated by the Salzburg Centre of European Union Studies (SCEUS), and covers all regions of the EU and consists of eight distinguished political scientists and one legal scholar.
Duration: July 2015 - June 2019
Lead researcher: Uwe Puetter is Professor at the CEU School of Public Policy and CEUR Director, leads the two research themes ‘Political choice and limits imposed by financial markets’ and ‘The nexus of national executives, parliamentary control and EU decision-making’ within the work package ‘Political Rights’. Together with researcher Robert Csehi, Puetter investigates direct and de facto limitations to political citizenship rights in relation to EU economic governance. The research is based on a comparative study of decision-making in five EU member states. Puetter also coordinates the work package ‘Forward Looking Activities’.