Chapter

Financial Restructuring in the Age of the Euro: Still a Battle of Systems?

Jonathan Story

in The State of the European Union Vol. 7

Published in print August 2005 | ISBN: 9780199283958
Published online February 2006 | e-ISBN: 9780191603297 | DOI: http://dx.doi.org/10.1093/0199283958.003.0010
Financial Restructuring in the Age of the Euro: Still a Battle of Systems?

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The battle of the systems within the EU is as lively as it ever was, if not livelier. Europe is not converging on a single capitalism, but the many national forms it takes are all subject to similar forces. There is convergence in the processes at work in the world and in Europe — the complex processes often summarized as ‘globalization’ — but there is continued divergence in national structures. Convergence with the USA is otherwise taking place for political reasons, since the euro is working as a neo-liberal engine.

Keywords: euro; Economic and Monetary Union; models of capitalism; corporate governance; globalization; neo-liberalism; Germany; France

Chapter.  13992 words.  Illustrated.

Subjects: European Union

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