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Europe at Bay: In the Shadow of US Hegemony

Alan W. Cafruny and J. Magnus Ryner
Europe at Bay: In the Shadow of US Hegemony
ISBN: 978-1-58826-513-5
$48.00
ISBN: 978-1-58826-537-1
$18.95
2007/171 pages/LC: 2007008737
Shortlisted for the 2008 IPEG Book Prize!

"A brilliant, polemical work of intellectual synthesis.... Cafruny and Ryner make a powerful case that Europe's continuing subordination to the US ... is undermining both the political foundations of the European project and the future of European welfare states. Anyone who prefers a more optimistic story must overcome the compelling arguments they have assembled."—Fred Block, University of California, Davis

"In this path-breaking study, Cafruny and Ryner offer a sober assessment of Europe's prospects. Theirs is an argument with which everyone concerned with the future of Europe will have to engage."—Andrew Gamble, University of Cambridge

"Europe at Bay is a well focused, incisive, and carefully argued assessment of the current state of EU integration in the Atlantic context."—Kees van der Pijl, University of Sussex

DESCRIPTION

Europe at Bay was completed just before the onset of the financial crisis, and two years before the Eurozone crisis emerged. In contrast to mainstream European integration scholarship that celebrated the Euro at the time, Alan Cafruny and Magnus Ryner issued warnings that have since been validated by events.

Focusing on the underlying social forces and power relations in Europe, Cafruny and Ryner argue that the Maastricht Treaty and subsequent EMU could not bring about the "ever closer union" anticipated by so many. Current events are the predictable result of a two-decade process of neoliberal integration that has culminated in savage austerity programs, right-wing populism, growing national rivalries, and deepening subordination to the United States.

A salvo in the debate about the crisis of the EU, Europe at Bay offers an accessible yet provocative contribution to a deeper and more comprehensive understanding of Europe's contemporary predicament.

ABOUT THE AUTHOR

Alan W. Cafruny is Henry Bristol Professor of International Affairs at Hamilton College. He has published extensively in the areas of European politics and international political economy and is most recently coeditor (with Herman Schwartz) of the Exploring the Global Financial Crisis. J. Magnus Ryner is reader in international political economy at King's College London. His work integrates research on international political economy, the welfare state, the EU, and comparative European politics. His publications include Capitalist Restructuring, Globalisation and the Third Way and A Ruined Fortress? Neoliberal Hegemony and Transformation in Europe (coedited with Alan Cafruny).

CONTENTS

  • Introduction: The Crisis of European Union.
  • Transatlantic Dimensions.
  • The Failed Take-off of a "New Economy."
  • The Limits of Euro-Legitimacy.
  • In the Shadow of US Hegemony.
  • Conclusion.