European Union Post Crisis Challenges and Prospects for Growth

This book discusses the unprecedented impact of the financial and economic crisis on government finances and economic performance across Europe, which has raised skepticism on the ability of the current course of integration to promote prosperity. Corresp

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European Union

Post Crisis Challenges and Prospects for Growth

European Union

Vasileios Vlachos · Aristidis Bitzenis Editors

European Union Post Crisis Challenges and Prospects for Growth

Editors Vasileios Vlachos Department of International and European Studies University of Macedonia Thessaloniki, Greece

Aristidis Bitzenis Department of International and European Studies University of Macedonia Thessaloniki, Greece

ISBN 978-3-030-18102-4 ISBN 978-3-030-18103-1  (eBook) https://doi.org/10.1007/978-3-030-18103-1 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To my wife for the years that she took care 24/7 our son who passed away —Aristidis Bitzenis To Anastasis, getting a glimpse of the past may bring hope to the future —Vasileios Vlachos

Preface

A discussion about the economic aspects of the ongoing challenges that the European integration project currently faces led to the development of this book. A fitting prologue to these challenges would be to consider the benefits of European integration from a historical perspective (throughout its evolution). A great distance has been covered from the development of the European Communities as mean to secure long-term peace and stability in Europe in the aftermath of the Second World War and to create a favorable environment for economic growth and recovery, to the establishment of the European Union (EU) as a mean for European stability and prosperity. These benefits are secured through several binding treaties that give the EU the features of both a supranational entity, where the sovere