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The State of the European Union Vol. 7With US or Against US? European Trends in American Perspective$
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Nicolas Jabko and Craig Parsons

Print publication date: 2005

Print ISBN-13: 9780199283958

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0199283958.001.0001

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Financial Restructuring in the Age of the Euro: Still a Battle of Systems?

Financial Restructuring in the Age of the Euro: Still a Battle of Systems?

Chapter:
(p.219) 10 Financial Restructuring in the Age of the Euro: Still a Battle of Systems?
Source:
The State of the European Union Vol. 7
Author(s):

Jonathan Story

Publisher:
Oxford University Press
DOI:10.1093/0199283958.003.0010

The battle of the systems within the EU is as lively as it ever was, if not livelier. Europe is not converging on a single capitalism, but the many national forms it takes are all subject to similar forces. There is convergence in the processes at work in the world and in Europe — the complex processes often summarized as ‘globalization’ — but there is continued divergence in national structures. Convergence with the USA is otherwise taking place for political reasons, since the euro is working as a neo-liberal engine.

Keywords:   euro, Economic and Monetary Union, models of capitalism, corporate governance, globalization, neo-liberalism, Germany, France

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