Championing the 'German model'? Germany's consistent preferences on the integration of fiscal constraints

Abstract: This article traces whether and how Germany’s preferences on the integration of fiscal constraints have evolved since the founding of the Economic and Monetary Union (EMU). Focusing on state elites and mass publics as driving forces of government preferences, the article also examines what has shaped German preferences since the Treaty of Maastricht. The article finds that elites welcomed the benefits of a single currency but feared the risks of high inflation and liability for other countries. Moreover, public scepticism about the euro translated into a 'constraining dissensus' regarding capacity-building in EMU. In line with these concerns, the German government sought to integrate fiscal constraints while leaving budgetary capacities at the national level. Thus, Germany adopted an instrumental approach to secure the success of the 'German model'. While Germany’s preferences have remained largely the same since the founding of EMU, the strategies to realize them have changed over

Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
Online-Ressource
Language
Englisch
Notes
Veröffentlichungsversion
begutachtet (peer reviewed)
In: Journal of European Integration ; 43 (2021) 2 ; 191-207

Classification
Wirtschaft

Event
Veröffentlichung
(where)
Mannheim
(who)
SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.
(when)
2021
Creator
Schoeller, Magnus G.
Karlsson, Olof

DOI
10.1080/07036337.2021.1877697
URN
urn:nbn:de:0168-ssoar-78966-9
Rights
Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
14.08.2025, 10:56 AM CEST

Data provider

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Associated

  • Schoeller, Magnus G.
  • Karlsson, Olof
  • SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.

Time of origin

  • 2021

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