Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-10T12:08:48.507Z Has data issue: false hasContentIssue false

7 - Negative Solidarity

The European Union and the Financial Crisis

from Part II - Transnational Solidarity in Europe

Published online by Cambridge University Press:  04 July 2020

Helle Krunke
Affiliation:
University of Copenhagen
Hanne Petersen
Affiliation:
University of Copenhagen
Ian Manners
Affiliation:
University of Copenhagen
Get access

Summary

The EU is cloaked in expressions of solidarity. Despite the fundamental role that solidarity plays, cracks have appeared and become more evident across Member States. The euro – a transnational single currency – was a bold endeavour when first established, and its adoption was expected to generate a leap forward for by making European integration stronger, and more resilient. The prolonged battle of the sovereign debt crisis that emerged in 2009 tested the limits of solidarity: a confrontation waged on multiple levels, playing into constitutional frameworks and socio-economic divisions, and exacerbating fault-lines between states. Yet despite frequent arguments made to the contrary, solidarity was a feature of the financial crisis, albeit of a particular kind. The legitimate expectation of what role different concepts of solidarity ought to have played (particularly where fiscal redistribution is concerned), compared to the role it actually served, ensured that an expectations deficit opened. This chapter examines solidarity within the EU’s legal framework in the context of the Eurozone crisis. It analyses the ramifications of the idea of solidarity, variously defined, and the implications it may have for the future direction of the Union as it faces ever-greater challenges.

Type
Chapter
Information
Transnational Solidarity
Concept, Challenges and Opportunities
, pp. 128 - 164
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×