Schmidt Publishes Research on Euro Zone Crisis in JEPP
Vivien Schmidt, Professor of International Relations and Jean Monnet Chair of European Integration at the Pardee School of Global Studies at Boston University, has co-authored a new article in the Journal of European Public Policy entitled “Between power and powerlessness in the euro zone crisis and thereafter.” The paper is co-authored with Martin B. Carstensen, a professor at the Copenhagen Business School, and was made available online in April 2020.
From the abstract of the piece:
Employing a multidimensional conception of power shows how interaction between EU institutional actors is structured by different kinds of power – coercive, institutional and ideational – and that none of these are sufficient on their own for actors to successfully drive the reform process. We ask not just who leads the euro zone, but how interactions between actors enable the polity to achieve (or not) its goals. This requires thinking of power in terms of both zero-sum and positive-sum outcomes, which reveals the weakness of the polity as a whole, whatever the power of different institutional actors. In this view, key for the long-term sustainability of the euro zone is an economic and political rebalancing among its members borne out at the level of common ideas and institutions and the leadership of the most resourceful member states. Despite significant reforms in wake of the crisis, such rebalancing seems far beyond the horizon.
The full article can be read here.
Vivien A. Schmidt is Professor of International Relations and Jean Monnet Professor of European Integration at the Frederick S. Pardee School of Global Studies. Her latest books include the forthcoming Europe’s Crisis of Legitimacy: Governing by Rules and Ruling by Numbers in the Eurozone (2019), Resilient Liberalism in Europe’s Political Economy (co-edited, 2013), Debating Political Identity and Legitimacy in the European Union (co-edited, 2011), Democracy in Europe (2006) and The Futures of European Capitalism (2002). She was recently named a Chevalier in the French Legion of Honor.