Chapter 25 Answer guidance

Q7) How has the euro crisis affected the relationship between euro area members and other EU member states?

See section 25.3

  • As reforms have increased with cooperation between euro area members, there has been concern about this leading to a two-speed Europe.
    • e.g. December 2011: UK’s refusal to support changes to Lisbon Treaty which led to the creation of an intergovernmental treaty
    • Fiscal Compact: demonstrates how much the European Council was willing and able to bend existing constitutional principles.
  • The euro crisis has strained relations between the euro area and non-euro member states.
  • European Council started to meet in the configuration of the Euro Summit alone as well as the European Council.
    • Fundamental opposition from UK Prime Minister
  • Member States which are eager to join the euro area in the future or are in favour of closer EU-wide socio-economic policy coordination have criticized crisis management procedures for excluding them.
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