How Should the Benefits and Burdens Arising from the Eurozone Be Distributed amongst Its Member States?

Autores/as

  • Josep Ferret Mas Universitat Pompeu Fabra - University of Reading
DOI: https://doi.org/10.6018/daimon.488951
Palabras clave: Eurozona, Justicia distributiva, Igualitarismo, Autodeterminación colectiva

Agencias de apoyo

  • Leverhulme Trust Doctoral Scholar in Climate Justice, Department of Politics and International Relations, University of Reading.

Resumen

This article asks how the costs and benefits of operating a monetary union should be distributed amongst its more and less competitive members, taking as an example the operation of the European Monetary Union (EMU or Eurozone). Drawing on existing domestic and transnational justice debates, I resist both a purely procedural and a purely distributive view. The former assumes treaties against a fair background can make any distribution fair and disregards how individual citizens are likely to fare depending on how a monetary union is organized. The latter requires justice amongst Eurozone co-citizens, and it neglects the value of member state’s choices and attitudes towards risk. Instead, I defend a view of the EMU as an association of free self-determining states. I also argue that a variety of factors are relevant to this problem, including the need to protect less competitive states from ‘domination’, or inappropriate forms of control by their co-members, and to protect citizens from various forms of deprivation even if their own governments are willing to expose them to the relevant risks.

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Publicado
01-05-2024
Cómo citar
Ferret Mas, J. (2024). How Should the Benefits and Burdens Arising from the Eurozone Be Distributed amongst Its Member States?. Daimon Revista Internacional de Filosofia, (92), 37–52. https://doi.org/10.6018/daimon.488951
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