Beset by an unprecedented combination of challenges including globalisation, demographic shifts, high unemployment and climate change, Europe is in dire need of a new kind of growth and development strategy. The authors of this issue's Forum make compelling arguments for a socio-ecological transition. This will require the decoupling of non-renewable energy use from GDP growth, the reduction of income and wealth inequalities, and the encouragement of innovation that is not based on fossil fuel technology. Despite these challenges, the Forum presents an optimistic path forward for the continent and offers practical policy solutions.
New UK Prime Minister May’s dictum that "Brexit means Brexit" is meaningless, because Britain is not a state, let alone a member state of the EU. Brendan O'Leary argues in his "Letter from America" that the term "Brexit" does verbal violence to the double union of the UK, and that one of May's problems is that she cannot exit one union, the European, without damaging the two other unions that make up the UK. One creative compromise: England and Wales could leave the EU, while Scotland and Northern Ireland remain within both the EU and the UK.
In order to optimally distribute incoming refugees among all EU countries, Martin Altemeyer-Bartscher et al. have developed a distribution key that reflects differences in the costs of integration in the individual countries. In order to reach a political agreement, the key for distributing refugees should be complemented by compensation payments that distribute the costs of integration among countries. While the EU Commission’s proposed distribution key takes account of appropriate factors, it is unclear in terms of detail.
The UK exit from the EU represents a qualitative change in the nature of EU membership. Annette Bongardt and Francisco Torres recommend that countries with preferences that are too divergent for the Union to function properly should not be discouraged from invoking Article 50. With the eurozone having established itself as the de facto core of European (political) integration, the UK's preference for a stand-alone (and incomplete) economic union became untenable.
from Annette Bongardt and Francisco Torres's article The Political Economy of Brexit: Why Making It Easier to Leave the Club Could Improve the EU
About Intereconomics – Review of European Economic Policy
Intereconomics is jointly produced by ZBW – Leibniz Information Centre for Economics and the Centre for European Policy Studies (CEPS). The journal appears bimonthly and features papers by economists that deal with economic and social policy issues and trends in Europe or affecting Europe. To submit a paper for publication, please visit the Submissions section of our website for relevant information.
Intereconomics is published by Springer-Verlag Berlin Heidelberg.
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