European Economic Governance: Past Errors and Future Promises

A piece I wrote for the French journal Politique Étrangère, which is published by the French Institute for International Relations (IFRI), appeared in the winter 2021 issue. It compares the problematic policies of the European Union during the Eurozone Crisis with the more promising responses to the Covid-19 pandemic.

Abstract: The Eurozone crisis marked a real failure of European Union policy, which led to mediocre economic performance and the erosion of its political legitimacy among the populations of member states. The crisis caused by the Covid-19 pandemic, on the other hand, after some initial wavering, showed its capacity to respond, in particular by taking on common debt. This fresh start for the EU nonetheless needs to be confirmed both politically and institutionally.

Citation (published version): V. Schmidt, Cadenza Academic Translations. 2021. “Gouvernance économique : l’UE entre erreurs passées et promesses d’avenir,” Politique étrangère, Volume Hiver, Issue 4, pp. 95 - 109.