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  • The history of the Lisbon Process illustrates its ever-closer linkage to the evolving Economic and Monetary Union (EMU) in Europe. This linkage took the form of the ‘Lisbonisation’ of economic policy coordination and thus of the economic pillar of the EMU. The Lisbon Process ‘came to act as a big umbrella for other macro-economic policies’ (Umbach and Wessels 2008: 64). It also illustrated serious weaknesses in the construction of EMU, related to the asymmetry between its economic and monetary pillars (Dyson 2000). The intensifying post-2007 financial and fiscal crisis heightened the perception that weaknesses in addressing imbalances threatened the systemic stability of the Euro Area and the wider European Union (EU). In consequence, the European Commission, with support of the European Central Bank (ECB), sought to re-frame the Lisbon Process within a new integrated framework of reinforced economic governance. This new framework focused on strengthening crisis prevention through the European– Commission sponsored Europe 2020 the new European Semester, and the Franco-German-initiated Euro Plus or Competitiveness Pact. (xsd:string)
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  • 2012 (xsd:gyear)
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  • 10.1057/9781137272164_11 ()
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  • Economic and Monetary Union and the Lisbon Strategy (xsd:string)
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  • The EU’s Lisbon Strategy: Evaluating Success, Understanding Failure (xsd:string)
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  • In The EU’s Lisbon Strategy: Evaluating Success, Understanding Failure, edited by Copeland, Paul and Papadimitriou, Dimitris, 189-207, Palgrave Macmillan UK, 2012 (xsd:string)
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