New Challenges for the Eurozone Governance: Joint Solutions for Common Threats?

This book adopts a comprehensive approach, combining the views of economists and political scientists, to assess the threats of maintaining the non-collaborative stance that prevailed in the response to past crises, and to explore new solutions to the present emergency. The coronavirus pandemic represents a serious test for the continued existence of the European Monetary Union. It has worsened pre-existing divisions among its members and highlighted the urgent need to address institutional and governance problems that were already apparent in the aftermath of the financial crisis and sovereign debt crisis, but have now gained in relevance following the more widespread impact of the disease across the European Union.

This book discusses concrete strategies to overcome the current challenges, focusing on the need to build an effective economic and monetary union. It also reflects on ways of pursuing conformity with discipline and coordination rules while also adopting a more collaborative stance that has so far been absent in the Eurozone and has consistently undermined the political and social dimensions of the common currency project.

José Caetano is an Associate Professor of Economics at the University of Évora (Portugal), Director of the Master’s Programme in International Relations and European Studies, and a researcher at the Center for Advanced Studies in Management and Economics (CEFAGE). His main research interests are in international economics and European integration.

Isabel Vieira is a Professor at the University of Évora (Portugal) and a researcher at the Center for Advanced Studies in Management and Economics (CEFAGE). Her interests include economic integration and education policies, areas in which she has published numerous book chapters and articles in peer-reviewed international journals.

António Caleiro has been an Assistant Professor at the University of Évora (Portugal) since May 2001, after obtaining a PhD in Economics from the European University Institute (Florence, Italy).