The EU must re-create trust between member states if the benefits of integration are not to ebb away – and persuade its citizens that credible state institutions can be rebuilt in Greece.
LSE European Politics and Policy (EUROPP) Blog
(15 Mar 2012)
The Euro crisis is more than the breakdown of a currency – it is also causing a breakdown of trust between the EU’s members. Heather Grabbe argues that the competing narratives about who is to blame for the crisis have led to loss of trust that goes beyond the Euro. If the Germans cannot trust Greece to keep its financial house in order, then how can they trust Athens to keep the integrity of the Schengen area intact, or to recognise court decisions and arrest warrants? Now the EU’s task is not only to rebuild the Euro, but to rebuild trust in the institutions that allow EU law to be applied reliably across Europe.
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