From Single Market to Social Market Economy: Is There Room for Solidarity?
From Single Market to Social Market Economy: Is There Room for Solidarity?
The author shows how European integration has come to be defined largely as a market-making mechanism, with social compensation for market losers left to national governments. Their ability to respond is increasingly constrained by single market regulations zealously enforced by the European Court of Justice. Yet the resulting divorce between economy and society is unsustainable in the long run, calling for a political response if the welfare settlement is to be preserved.
Keywords: European integration, Social compensation, European Court of Justice, Social Europe
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