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Do We Have or Need a Two Speed Europe?

Author

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  • Petre Prisecaru

Abstract

Flexible/differentiated integration represented by two speed Europe, Europe of concentric circles and other related concepts have been used after Maastricht due to the fact that not all Member States entered monetary union and accepted social and political integration. After the Brexit these concepts were revived based on enhanced cooperation included in the Treaties despite the strong opposition of some CEE countries, led by Poland, Hungary, Romania. The hard core, the founding states and other states from Eurozone want to speed up the integration process based on some unions: monetary, financial (banking), fiscal, energy, defense and political. But they need time and much better governance at EU level and national levels.

Suggested Citation

  • Petre Prisecaru, 2017. "Do We Have or Need a Two Speed Europe?," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 54-61, September.
    • Handle: RePEc:khe:scajes:v:3:y:2017:i:3:p:54-61
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    More about this item

    Keywords

    Two speed Europe; enhanced cooperation; hard core; Brexit; governance;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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