<i>‘The elections for the European Parliament in June 2024 and the cacophony in the media that followed might incline one to scepticism about the European project. That would be a mistake, as this elegant book explains.</i>
On reflection, the European Union is a unique success story. The book explains in detail why. Can it stand as a model for similar unions elsewhere? Perhaps not directly, since the barriers to integration between different nations in Asia, in Africa, in Latin America are different from those present in Europe after the Second World War. But the Union’s history, its structure, its failings and their correction, its successes, the ideals that inspired it and continue to do so deserve to be well known by those contemplating unions elsewhere. May this book succeed in its noble mission of disseminating that knowledge.’
- Ejan Mackaay, Université de Montréal, Canada,
Scholars from countries both in and outside of the EU provide a full stocktake of the political and economic benefits of EU membership. They critically assess monetary integration and the path it has followed in the wake of the global financial crisis. Chapters delineate key comparisons between the EU and other governance models, between EU members and non-EU members, and between euro and non-euro member States of the Union.
Students of law, economics and politics will benefit from this timely book. It should also be of interest to policymakers around the world who interact with EU countries and those who may be contemplating similar forms of economic and monetary integration in their region.