Banking on Europe
The European Union (EU)’s small, balanced budget is commonly considered to be one of the most important constraints on the Union’s powers. However, the EU has always borrowed, and it is now borrowing on the scale of a large state to aid member states’ economic recovery from the COVID-19 pandemic and...
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| Formato: | Online |
| Idioma: | inglés |
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Oxford University Press
2026
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| Acceso en liña: | https://library.oapen.org/handle/20.500.12657/111396 |
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| _version_ | 1865099982525169664 |
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| author | Hodson, Dermot Howarth, David Spielberger, Lukas Mugnai, Iacopo |
| author_browse | Hodson, Dermot Howarth, David Mugnai, Iacopo Spielberger, Lukas |
| author_facet | Hodson, Dermot Howarth, David Spielberger, Lukas Mugnai, Iacopo |
| author_sort | Hodson, Dermot |
| collection | Directory of Open Access Books |
| description | The European Union (EU)’s small, balanced budget is commonly considered to be one of the most important constraints on the Union’s powers. However, the EU has always borrowed, and it is now borrowing on the scale of a large state to aid member states’ economic recovery from the COVID-19 pandemic and to support Ukraine’s wartime economy. This book tells the story of how the EU became a sovereign-style borrower from Jean Monnet’s ‘American Loan’ in 1954 to the operation of the Recovery and Resilience Facility seven decades later. Drawing on archival analysis and elite interviews, it charts the origins and evolution of the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development, and the European Stability Mechanism as European-level borrowers and asks how these bodies’ accountability to parliaments, auditors, citizens, and civil society groups can be improved. Borrowing is not simply a technocratic issue, but one that raises fundamental questions about what sort of polity the EU is and how it could develop in the future. |
| format | Online |
| id | doab-20.500.12854ir-173615 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | Oxford University Press |
| publisherStr | Oxford University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1736152026-03-19T13:24:54Z Banking on Europe Hodson, Dermot Howarth, David Spielberger, Lukas Mugnai, Iacopo European integration European Union budget Sovereign-style borrowing Debt management European Commission European Investment Bank European Bank for Reconstruction and Development European Stability Mechanism Recovery and Resilience Facility Accountability thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government The European Union (EU)’s small, balanced budget is commonly considered to be one of the most important constraints on the Union’s powers. However, the EU has always borrowed, and it is now borrowing on the scale of a large state to aid member states’ economic recovery from the COVID-19 pandemic and to support Ukraine’s wartime economy. This book tells the story of how the EU became a sovereign-style borrower from Jean Monnet’s ‘American Loan’ in 1954 to the operation of the Recovery and Resilience Facility seven decades later. Drawing on archival analysis and elite interviews, it charts the origins and evolution of the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development, and the European Stability Mechanism as European-level borrowers and asks how these bodies’ accountability to parliaments, auditors, citizens, and civil society groups can be improved. Borrowing is not simply a technocratic issue, but one that raises fundamental questions about what sort of polity the EU is and how it could develop in the future. 2026-03-19T13:24:53Z 2026-03-19T13:24:53Z 2026-03-11T15:40:16Z 2026 book https://library.oapen.org/handle/20.500.12657/111396 9780198963899 9780198963882 9780198963912 9780198963905 https://directory.doabooks.org/handle/20.500.12854/173615 eng open access Oxford University Press 10.1093/9780198963905.001.0001 10.1093/9780198963905.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 9780198963899 9780198963882 9780198963912 9780198963905 264 Oxford open access |
| spellingShingle | European integration European Union budget Sovereign-style borrowing Debt management European Commission European Investment Bank European Bank for Reconstruction and Development European Stability Mechanism Recovery and Resilience Facility Accountability thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government Hodson, Dermot Howarth, David Spielberger, Lukas Mugnai, Iacopo Banking on Europe |
| title | Banking on Europe |
| title_full | Banking on Europe |
| title_fullStr | Banking on Europe |
| title_full_unstemmed | Banking on Europe |
| title_short | Banking on Europe |
| title_sort | banking on europe |
| topic | European integration European Union budget Sovereign-style borrowing Debt management European Commission European Investment Bank European Bank for Reconstruction and Development European Stability Mechanism Recovery and Resilience Facility Accountability thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government |
| topic_facet | European integration European Union budget Sovereign-style borrowing Debt management European Commission European Investment Bank European Bank for Reconstruction and Development European Stability Mechanism Recovery and Resilience Facility Accountability thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations thema EDItEUR::J Society and Social Sciences::JP Politics and government |
| url | https://library.oapen.org/handle/20.500.12657/111396 |
| work_keys_str_mv | AT hodsondermot bankingoneurope AT howarthdavid bankingoneurope AT spielbergerlukas bankingoneurope AT mugnaiiacopo bankingoneurope |