Multi-Speed Europe Future of Eurozone. The term European Commission’s Glossary: "Multi-speed"...
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Transcript of Multi-Speed Europe Future of Eurozone. The term European Commission’s Glossary: "Multi-speed"...
![Page 1: Multi-Speed Europe Future of Eurozone. The term European Commission’s Glossary: "Multi-speed" Europe is the term used to describe the idea of a method.](https://reader037.fdocuments.net/reader037/viewer/2022110207/56649d8b5503460f94a7288e/html5/thumbnails/1.jpg)
Multi-Speed EuropeFuture of Eurozone
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The term• European Commission’s Glossary:
"Multi-speed" Europe is the term used to describe the idea of a method of differentiated integration whereby common objectives are pursued by a group of Member States both able and willing to advance, it being implied that the others will follow later.
http://europa.eu/legislation_summaries/glossary/multispeed_europe_en.htm
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The concept
•After the Cold War
•Eastward enlargement of the European
Union
•Widening and deepening
•In 1994, Christian Democrats’ document!
•“core Europe”
•has been debated for years.
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Europe today
•Financial issues
•Low GDP
•Low growth
•High unemployment
•Government deficits and high levels of debt
•Fundamental questions
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Global trends
•Continuing rise of East Asia
•Emerging market economies in these
regions
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Four Scenarios on the Future of the Eurozone
1. Struggling on the Crises
2. Break-up of the Eurozone
3. Core Europe (Multi-speed)
4. Fiscal Union Completed (Federal
Europe)
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Four Scenarios on the Future of the Eurozone
• North (Norway, Sweden, Finland, Denmark)
• West (Netherlands, Belgium, France, Germany,
Switzerland, Austria, Italy)
• South (Ireland, Portugal, Spain, Greece, Malta)
• East (Poland, Czech, Slovakia, Hungary,
Bulgaria, Romania etc.)
• UK
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Struggling on the Crises
•“Reduced government”
•Very low growth in Europe 1%
•Lately, exports and financial investments
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Break-up of the Eurozone
•Zero GDP growth long term
•Weak investment and exports
•Reduced income per capita
•Declining employment rates
•Higher unemployment
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Core Europe (Multi-speed)
•Less competitive member states to leave
euro zone
•GDP growth and job creation
•reduce unemployment number
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Fiscal Union Completed (Federal Europe)
•Structural and fiscal policies
•restoring GDP growth
•high level of employment
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Arguments For and Against a two-speed Europe
AGAINST a two-speed Europe
FOR two-speed Europe
Perpetuating Divisions Core Values
Undermining Solidarity Recognising Reality
Too Complex One Size Does Not Fit All
Building In Weaknesses Fast, Flexible And More Efficient
http://www.debatingeurope.eu/infobox-arguments-for-and-against-a-two-speed-europe/
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AGAINST a two-speed Europe
•Perpetuating Divisions
•Undermining Solidarity
•Too Complex
•Building In Weaknesses
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FOR two-speed Europe
•Core Values
•Recognising Reality
•One Size Does Not Fit All
•Fast, Flexible And More Efficient
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Manuel Barroso’s idea!
http://www.youtube.com/watch?v=hj3zH1KG8Yw
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I think
•European Commission’s Glossary:
"Multi-speed" Europe is the term used to ... ... that the others will follow later.
“Perhaps, you will see even smurfs if you become good boys.”
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What happening now!