Europe’s Awkward Ambitions to Change the World

The onset of the financial crisis in the United States offered a wonderful chance for the Europeans to change the financial system, to regulate globalization, and finally to make the world economy more respectful of the principles that they chose as basis for the European society: “pluralism, non-di...

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Bibliographic Details
Published inSaving Europe p. 57
Main Author Bastasin, Carlo
Format Book Chapter
LanguageEnglish
Published United States Brookings Institution Press 08.03.2012
Subjects
Ambition
Bank assets
Bank capital
Bank liquidity
Bank management
Banking
Banking industry
Behavioral sciences
Business
Economic conditions
Economic crises
Economic disciplines
Economic policy
ECONOMICS
Euro Zone
European Council
European Union
Eurosystem
Exchange rate regimes
Financial economics
Financial services industries
Government crises
Industrial sectors
Industry
International economics
International governmental organizations
International political organizations
International relations
Macroeconomics
Monetary policy
Monetary unions
Motivation
National politics
Personality psychology
Political organizations
Political science
Politics
Psychology
Service industries
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Summary:The onset of the financial crisis in the United States offered a wonderful chance for the Europeans to change the financial system, to regulate globalization, and finally to make the world economy more respectful of the principles that they chose as basis for the European society: “pluralism, non-discrimination, tolerance, justice, solidarity” (as in article 2 of the Treaty on European Union). However, instead of promoting unity in Europe, the initial phase of the U.S.-induced crisis offered national leaders the best chance in decades to vaunt their personal primacy on the world stage and praise the nature of their national models.
ISBN:081572196X
9780815721963