During the Eurozone crisis, the so-called ‘Merkozy duumvirate’ emerged as an informal, but highly visible EU policy-making pattern. This article asks why such forms of decentralized bargaining emerge and what this implies for the theory of EU institutions. According to an approach based on negotiation theory, the article argues that Merkozy is a strategic tool used by Germany to realize its preferences on EU crisis management. Based on an incomplete contracts theory of EU institutions, instead, the article analyses Merkozy as an informal institution created by France and Germany to avoid being discriminated by supranational institutions. Both approaches are employed to assess Merkozy’s role in the decision-making process leading to the adoption of the Fiscal Compact.

Explaining Informal Policy-Making Patterns in the Eurozone Crisis: Decentralized Bargaining and the Theory of EU Institutions / Schoeller, Magnus; Guidi, Mattia; Karagiannis, Yannis. - In: INTERNATIONAL JOURNAL OF PUBLIC ADMINISTRATION. - ISSN 0190-0692. - (In corso di stampa), pp. ---. [10.1080/01900692.2017.1295266]

Explaining Informal Policy-Making Patterns in the Eurozone Crisis: Decentralized Bargaining and the Theory of EU Institutions

GUIDI, MATTIA;
In corso di stampa

Abstract

During the Eurozone crisis, the so-called ‘Merkozy duumvirate’ emerged as an informal, but highly visible EU policy-making pattern. This article asks why such forms of decentralized bargaining emerge and what this implies for the theory of EU institutions. According to an approach based on negotiation theory, the article argues that Merkozy is a strategic tool used by Germany to realize its preferences on EU crisis management. Based on an incomplete contracts theory of EU institutions, instead, the article analyses Merkozy as an informal institution created by France and Germany to avoid being discriminated by supranational institutions. Both approaches are employed to assess Merkozy’s role in the decision-making process leading to the adoption of the Fiscal Compact.
Explaining Informal Policy-Making Patterns in the Eurozone Crisis: Decentralized Bargaining and the Theory of EU Institutions / Schoeller, Magnus; Guidi, Mattia; Karagiannis, Yannis. - In: INTERNATIONAL JOURNAL OF PUBLIC ADMINISTRATION. - ISSN 0190-0692. - (In corso di stampa), pp. ---. [10.1080/01900692.2017.1295266]
File in questo prodotto:
File Dimensione Formato  
Schoeller, Guidi & Karagiannis - Explaining New Policy-Making Patterns in the Eurozone Crisis_29.11.16.pdf

Embargo fino al 30/09/2018

Tipologia: Documento in Post-print
Licenza: DRM non definito
Dimensione 546.67 kB
Formato Adobe PDF
546.67 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/172502
Citazioni
  • Scopus 7
  • ???jsp.display-item.citation.isi??? 3
social impact