EU Coordination Weaknesses: Transaction Costs ()
ABSTRACT
Both the Euroland and the EURO projects face increasing
scepticism from several member states as well as nationalist movements. The
call for economic reforms augmenting flexibility and work zest in EU member
states meets resistance, as it poses threats to
the specific European welfare state. The management of the great refugee crisis
has led to fundamental questioning of the concept of “Europeanisation”
as the commitment of the EU to humanitarian goals and universal human rights.
Where lays the basic weakness of the inefficient and bureacratic European model
of regional integration? Reply: Transaction costs.
Share and Cite:
Lane, J. (2016) EU Coordination Weaknesses: Transaction Costs.
Open Access Library Journal,
3, 1-16. doi:
10.4236/oalib.1102800.