Despite being symmetric in its very nature, the Covid-19 shock is affecting European economies in a very asymmetric way, threatening to deepen the divide between core and peripheral countries even more. It is not Covid-19 itself, however, but the contradictions within the EU’s growth model and institutional architecture that would be to blame for such an outcome. The dramatic impact of the economic crisis brought on by the pandemic and the threat that it poses to Eurozone survival seem to have forced a reluctant Germany into action: a minor step, but an important signal. This note analyses the crossroads currently facing Europe—the risk of disintegration vis-a-vis the opportunity for a ‘Hamiltonian moment’—discussing possible future scenarios in the light of past developments.

A fragile and divided european union meets Covid-19. Further disintegration or ‘Hamiltonian moment’? / Celi, Giuseppe; Guarascio, Dario; Simonazzi, Anna. - In: ECONOMIA E POLITICA INDUSTRIALE. - ISSN 0391-2078. - 47:3(2020), pp. 411-424. [10.1007/s40812-020-00165-8]

A fragile and divided european union meets Covid-19. Further disintegration or ‘Hamiltonian moment’?

Celi Giuseppe;Guarascio Dario;Simonazzi Anna
2020

Abstract

Despite being symmetric in its very nature, the Covid-19 shock is affecting European economies in a very asymmetric way, threatening to deepen the divide between core and peripheral countries even more. It is not Covid-19 itself, however, but the contradictions within the EU’s growth model and institutional architecture that would be to blame for such an outcome. The dramatic impact of the economic crisis brought on by the pandemic and the threat that it poses to Eurozone survival seem to have forced a reluctant Germany into action: a minor step, but an important signal. This note analyses the crossroads currently facing Europe—the risk of disintegration vis-a-vis the opportunity for a ‘Hamiltonian moment’—discussing possible future scenarios in the light of past developments.
2020
core-periphery relations; EMU; euro crisis; global value chains
01 Pubblicazione su rivista::01a Articolo in rivista
A fragile and divided european union meets Covid-19. Further disintegration or ‘Hamiltonian moment’? / Celi, Giuseppe; Guarascio, Dario; Simonazzi, Anna. - In: ECONOMIA E POLITICA INDUSTRIALE. - ISSN 0391-2078. - 47:3(2020), pp. 411-424. [10.1007/s40812-020-00165-8]
File allegati a questo prodotto
File Dimensione Formato  
Guarascio_Fragile_2020.pdf

accesso aperto

Tipologia: Documento in Post-print (versione successiva alla peer review e accettata per la pubblicazione)
Licenza: Creative commons
Dimensione 868.02 kB
Formato Adobe PDF
868.02 kB Adobe PDF

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1447976
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 43
  • ???jsp.display-item.citation.isi??? 33
social impact