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On the effectiveness and legitimacy of EU economic policies

Mark Hallerberg (), Benedicta Marzinotto and Guntram Wolff

Policy Briefs from Bruegel

Abstract: For markets, European economic governance faces a crisis of policy effectiveness, while for citizens the European Union faces a democratic legitimacy crisis. The introduction of the European Semester economic policy surveillance system has not resolved these problems. Policy guidance deriving from the Semester is not focused enough on areas of significant spillovers and on problem countries, and national compliance is often procedural rather than actual. This brings into question both...

Date: 2012-11
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Persistent link: https://EconPapers.repec.org/RePEc:bre:polbrf:758

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