CEU Electronic Theses and Dissertations, 2014
| Author | Kramer, Zachary John |
|---|---|
| Title | State Sovereignty Under EU Crisis Management |
| Summary | Abstract This thesis is on the relationship between state sovereignty, national democracy, and crisis management in the European Union. The specific question it addresses is “What have recent efforts to manage the financial crisis meant for the sovereignty of EU member states and the democratic legitimacy of the European Union?”. By exploring the design of the European Central Bank and the actions of the EU in managing the crisis in Greece and contrasting them with the International Monetary Fund and crisis management in Hungary, I argue that the financial crisis has pushed the Eurozone closer to political union and created an ambiguous and fraught relationship between supra-national authority, national sovereignty, and popular representation. The IMF/Hungary case serves to illustrate that external financing and conditionality do not in themselves cause states to sacrifice their fiscal sovereignty, but the particular handling of the crisis in the EU has created a situation in which sovereignty has indeed been taken out of the hands of national governments and their electorates and been vested in the ECB and ESM. |
| Supervisor | Csaba Laszlo |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2014/kramer_zachary.pdf |
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