Legitimacy and efficiency: Revitalizing EMU ahead of enlargement

Tal Sadeh*, Erik Jones, Amy Verdun

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


Eight years after the launch of its third stage, and on the brink of its expansion, the European Union's (EU) Economic and Monetary Union (EMU) has proven to be successful. However, EMU has also highlighted the diversity of its members economic performance, and their need to run larger public deficits than they initially committed to. This special issue attempts to find out what can be done to relieve the tensions in EMU. The source of EMU's difficulty seems to lie in its weak legitimacy, ambiguous gevernance, and asymmetric institutional design. The EU needs to improve its fiscal rules and streamline decision making in the European Central Bank without eroding legitimacy.

Original languageEnglish
Pages (from-to)739-745
Number of pages7
JournalReview of International Political Economy
Issue number5
StatePublished - Dec 2007


  • EMU
  • EU
  • Efficiency
  • Enlargement
  • Legitimacy


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