Tre proposte per rivitalizzare l’Unione Europea (Three proposals for revitalising the European Union)

Autori

  • Mario Tonveronachi Università di Siena

DOI:

https://doi.org/10.13133/2037-3651_69.276_2

Parole chiave:

European Union, euro area, ECB, monetary policy, fiscal rules, financial regulation

Abstract

All'interno dell'UE, la percezione che la convergenza sull'attuale insieme di regole non sia in grado di produrre convergenza sui risultati, o risultati generalmente migliori, ha aumentato la frammentazione socio-politica. Il risultato è stata una crescente domanda di rinazionalizzazione dei poteri sovrani. Concentrandosi sull'area dell'euro, il documento propone di rivedere le operazioni monetarie della Banca centrale europea, le attuali regole di bilancio e l'approccio di regolamentazione finanziaria al fine di affrontare alcune delle principali incongruenze, rigidità e fragilità dell'attuale progettazione. Il nuovo progetto è pensato per non richiedere modifiche al trattato sul funzionamento dell'Unione europea, ma almeno una convergenza politica minima. Se attuata con successo, contribuirebbe a dare una prospettiva percorribile alla concezione dell'Unione economica e monetaria, in grado di attrarre quei paesi dell'UE non appartenenti all'area dell'euro che considerano la cattiva gestione della recente crisi e della sua ragione d'effetto sufficiente a resistere ulteriori perdite di sovranità.


Within the EU, the perception that the convergence on the current set of rules is not capable of producing convergence on results, or generally better results, has increased socio-political fragmentation. The result has been an increasing demand for re-nationalisation of sovereign powers. Focusing on the euro area, the paper proposes to revise the monetary operations of the European Central Bank, current fiscal rules and the financial regulatory approach in order to tackle some of the main inconsistencies, rigidities and fragilities in the current design. The new design is thought out to require no changes in the Treaty on the Functioning of the European Union, but at least a minimum political convergence. If successfully implemented, it would contribute to give a viable perspective to the design of the Economic and Monetary Union, capable of attracting those EU non-euro area countries that consider the mismanagement of the recent crisis and of its after-effects reason enough for resisting further losses of sovereignty.

JEL codes: E52, E62, F33, F36, F45, G28


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Pubblicato

2017-01-20

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