Külügyi Szemle - A Magyar Külügyi Intézet folyóirata - 2011 (10. évfolyam)

2011 / 1. szám - AZ UNIÓ ÉS AZ EURÓVÁLSÁG - Kiss J. László: Euróválság és intézményi hatalom: változások a német EU-politikában

Résumé

and institutions and Germany leads in Europe by shaping new institutions. Germany has no other choice to make. According to the theory of semi- or embedded hegemony, Germany will act multilaterally, that is like a benign or embedded hegemon only when both its economy and the European institutions are strong, otherwise it would prefer to act unilaterally that is on behalf of its "national interest". The euro crisis is also a opportunity because it has contributed to the emergence of a new institutional framework (economic governance, pact for competitiveness etc.) in accordance with Germany's stability culture. In the euro crises France has proved to be junior partner of Germany, the conflicts of interest between two countries were not antagonistic but complementary. Paris and Berlin are aware of the fact that euro is more than a currency: it is the base for postwar prosperity and peace. In the EU27, however, French-German agreement is not nearly strong enough to dictate policies. Furthermore France and Britain as two military powers in the EU with global reach have found ways to compensate for their declining defence budgets and even they could counter-balance Germany's economic pre-eminence in a new three-way equilibrium.

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