Summary of State Transformation and the European Integration Project

Lessons from the Financial Crisis and the Greek Paradigm

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State Transformation and the European Integration Project summary
Euro-zone integration has changed the nature of national sovereignty.

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8 Importance

8 Innovation

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Integration or disintegration? The nonlinear trajectory of the euro zone since its inception would seem to pose this question, particularly in the wakes of the 2008 global financial crisis and the subsequent sovereign debt debacle. For some member states, indebtedness has dug an ever-widening and deepening hole, and they are unable to extricate themselves from it. The economic and social welfare of the populace are at stake. This in-depth analysis by professor and Greek parliament member Evangelos Venizelos, though written in political and legal economese, is an astute study of the tortuous challenges of European integration. getAbstract recommends it to policy makers, economists, financial managers and historians.

In this summary, you will learn

  • How the financial and public debt crises have affected state sovereignty in the European Union
  • Which member-state disparities pose significant obstacles to further EU integration
  • How the situation in Greece tests EU financial and legal policies
 

Summary

Sovereignty
The transformation of a collection of individual nations into a so-called United States of Europe is an inherently arduous, step-by-step, work in progress. The 2008 financial crisis and its subsequent public debt imbroglio exacerbated inequalities among the countries in the...
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About the Author

Evangelos Venizelos, a member of the Greek parliament and a professor of constitutional law at the Aristotle University of Thessaloniki, has served twice as Greece’s deputy prime minister and has held other top posts in government.


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