Germany as Hegemonic Power: The Crisis of European Integration
By Joachim Bischoff and Richard Detje
transform!, no. 11-2012
http://transform-network.net/journal/issue-112012/

 From its inception, Europe has been a political project - aimed at 
overcoming conflicts and creating cooperation. Over the course of the 
last decades European nations - led by economic and pollitical elites 
- were able to overcome their long-established enmities. This goal, 
and the enormous commitment of many forces in civil society and 
institutional politics, undeniably deserves to be recognised and 
honoured as a service in the cause of peace.

Nevertheless, the bestowal of the Nobel Prize for Peace on the 
European Union also indicates a problem. For a long time now, the EU 
has been a project of the economic and political elites. From the 
south to the north, Euro-scepticism is growing. While the 
chauvinist-anti-democratic right advocates a return to the 
nation-state, the left is mobilising against the social consequences 
of radical austerity politics. And the political blocs of the 
conservatives and social democrats find it increasingly hard to keep 
up their mantra of austerity policies without alternatives. The 
number of heads of government who have politically survived the 
crisis since 2009 is small. In this situation, the symbolic cover 
given by the Nobel Prize for Peace is intended to strengthen the idea of peace.

[...]

With the Euro the whole European fabric would totter. The flawed 
construction of the Euro regime cannot be repaired by abolishing the 
Euro. And yet: The wave of Euro-enemies could very quickly turn 
political power relations upside down in many European countries - to 
the far right. Eurozone governments want to resist this possibility 
through the new European fiscal regime. This new and concerted fiscal 
and economic policy is neither social nor democratic. It reinforces 
tendencies to authoritarian capitalism.

There can only be a collective way out. The dismantling of current 
account surpluses and the expansion of the domestic economy in the 
core countries are indispensable contributions to EU stabilisation. 
What is necessary is a reform which instead of resting on the single 
pillar of money and currency policies will rest on three further 
pillars: a common fiscal policy which redistributes resources from 
top to bottom; economic policies which can socially and ecologically 
renew Europe with public investment programmes; and social policies 
that eliminate poverty and create development opportunities.

The EU is the result of the political will to overcome apparently 
irreconcilable antagonisms. This has, from the beginning, meant the 
reconciliation of peoples who for centuries had seen each other as 
arch enemies. Measured against such an achievement, the latest 
challenge to put economic development and the common currency on a 
sustainable basis would seem to be a less daunting task. 
Nevertheless: the resistances and obstacles seem insurmountable. 
Nationalistic centrifugal forces have in recent years gained 
considerable new strength and pose a threat to the entire European 
construction - they could put an end to the peace project.

full: 
http://transform-network.net/journal/issue-112012/news/detail/Journal/germany-as-hegemonic-power-the-crisis-of-european-integration.html
 

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