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European Economic Governance: Past Errors and Future Promises

Articles from Politique Etrangère
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The eurozone crisis marked a real failure of European Union (EU) policy, which led to mediocre economic performance and the erosion of its political legitimacy among the populations of member states.

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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.

Vivien Schmidt is a Jean Monnet Professor of European Integration at Boston University.

 

Article published in Politique étrangère, Vol. 86, No. 4, Winter 2021.

 

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European Economic Governance: Past Errors and Future Promises

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The "Europe of Internal Security": An Unknown Quantity - Politique étrangère, Vol. 90, No. 2, Summer 2025

Date de publication
06 June 2025
Accroche

The new European Internal Security Strategy, unveiled by the European Commission in April 2025, provides an opportunity to shine a light on a little-known policy. To mitigate the problems created by freedom of movement, substantial additions have been made to European internal security policy over the last few years. The European Union is constantly striving to become stronger in order to combat crime, terrorism, illegal immigration, and hybrid threats more effectively.

Jean MAFART
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Navigating the Multilateral Seas: Lost in Decomposition? - Politique étrangère, Vol. 90, No. 2, Summer 2025

Date de publication
06 June 2025
Accroche

Institutionalized multilateralism seems to be under threat from power politics, especially within the UN system. There are continuing demands for the UN to be reformed. And flexible forms of consultation are being developed, such as club diplomacy and minilateralism. The reshaping of multilateralism is thus taking place mainly outside the institutional system, and its distance from the liberal international order and the multipolar order makes it less likely that the earth's habitability will be placed at the top of the multilateral agenda.

Frédéric RAMEL
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vignette couverture PE2-2025

Multilateralisms: Survival or Revival?

Date de publication
06 June 2025
Accroche

The organized multilateralism born out of the Second World War and the Cold War, and revived in the 1990s with the dream of a world of peaceful “global governance,” has fizzled out. The erosion of the large universal frameworks (United Nations, World Trade Organization, arms control and disarmament, international criminal justice, and so on) did not give way to a void but to an excess: a multitude of agreements and schemes that bore witness to the accelerated rebuilding of international relationships. Will institutional anarchy and the open competition of interests visible in uninhibited struggles for power be able to organize themselves around common fundamental interests in the future?

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Trump 2: Challenges for the US Military Posture - Politique étrangère, Vol. 90, No. 1, Spring 2025

Date de publication
04 March 2025
Accroche

The distribution of operational leverage points in US strategy has changed significantly over the past two decades, with a sharp reduction. Donald Trump's distancing and repeated criticism of traditional US alliances threaten to undermine the entire architecture of the US presence in the world, beyond the concrete, real and, in particular, industrial impasses of America's military posture.

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European Economic Governance: Past Errors and Future Promises