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Governing the Euro Area in Good Times and Bad$
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Dermot Hodson

Print publication date: 2011

Print ISBN-13: 9780199572502

Published to Oxford Scholarship Online: January 2012

DOI: 10.1093/acprof:oso/9780199572502.001.0001

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Conclusion: Tender Union

Conclusion: Tender Union

(p.131) 8 Conclusion: Tender Union
Governing the Euro Area in Good Times and Bad

Dermot Hodson

Oxford University Press

This book has explored how EMU fared in the absence of the Community method from the launch of the euro in 1999 to the onset of the euro area’s sovereign debt crisis in 2010. This chapter summarizes the key findings of this investigation and discusses their wider significance for debates about the future of new modes of policymaking in the European Union and the fate of EMU. It concludes with an overview of the proposals for strengthening economic governance presented by both the Commission and the Van Rompuy Taskforce in late 2010 and considers whether plans for a crisis resolution mechanism could belatedly pave the way for the Community method in the euro area.

Keywords:   EMU, euro area, governance, Community method, new modes of policymaking, Van Rompuy Taskforce, crisis resolution mechanism

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