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Erschienen in:
2011 | OriginalPaper | Buchkapitel
The Political Economy of the Greek Crisis in the Framework of the European Monetary Union
verfasst von : Pantelis Sklias
Erschienen in: The Konstantinos Karamanlis Institute for Democracy Yearbook 2011
Verlag: Springer Berlin Heidelberg
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In 1991, the Maastricht Treaty was signed in the eponymous Dutch town by all the European member states. This unique project, which was ratified by the last country (Germany) two years later, marked the end of a long road to achieving the European Economic and Monetary Union (EMU). From its earliest beginnings, the European project was a result of intergovernmental bargaining by the most powerful European countries in order to overcome global, regional and national challenges (Moravcsik, 1998; Hosli, 2000). Thus, under these conditions the European Union was strengthened and its common identity was promoted by its most powerful actors.