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The EU-25 Fiscal Compact: Differentiated spillover effects under crisis conditions

Schweiger, Christian

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Authors

Christian Schweiger



Abstract

This article analyses the intergovernmental Fiscal Compact, which represents the latest layer in the emerging new governance framework European Union (EU) governments have adopted in response to the sovereign debt crisis in the eurozone. The crisis has initiated a new wave of selective functionalist spillover towards noticeably different levels of policy coordination between the eurozone-18 core and the remaining EU member states, who are divided into a semi-periphery and an outer periphery group. As an intergovernmental contract with currently 25 EU member states the Fiscal Compact signifies the decline of the traditional community method of universal supranational integration in favour of a more differentiated form of intergovernmental policy coordination between groups of member states.

Citation

Schweiger, C. (2014). The EU-25 Fiscal Compact: Differentiated spillover effects under crisis conditions. Perspectives on European politics and society, 15(3), 293-304. https://doi.org/10.1080/15705854.2014.912398

Journal Article Type Article
Online Publication Date May 7, 2014
Publication Date Jul 3, 2014
Deposit Date Jun 10, 2014
Publicly Available Date Jun 12, 2014
Journal Perspectives on European Politics and Society
Print ISSN 1570-5854
Electronic ISSN 1568-0258
Publisher Routledge
Peer Reviewed Peer Reviewed
Volume 15
Issue 3
Pages 293-304
DOI https://doi.org/10.1080/15705854.2014.912398
Keywords Differentiated integration, Eurozone crisis, Neofunctionalism, Fiscal Compact.

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