The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992 (EURECON project funded by the European Research Council)

Applications are invited for a 3-year PhD scholarship (with a possibility of a one-year extension) in Economic and Social History at the University of Glasgow.

The successful candidate will be part of the ERC-funded project The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992 (EURECON) led by Dr Emmanuel Mourlon-Druol. They are expected to begin on 1 October 2018, or as soon as possible thereafter.

The goal of EURECON is to explore European policymakers’ views about how to make the organisation of the European Economic Community (EEC) fit for the creation of a single currency, from 1957 to 1992. It is often said that the euro has faults of conception. But how did this happen? How was the euro made in such a way that it nearly completely overlooked some critical aspects of monetary unions? The assumption is that in the run-up to the 1992 Maastricht Treaty, European policymakers just did not think properly about how to make the Euro work. Was this really the case? Did European policymakers really overlook the economic foundations of European monetary union?

The project aims to examine European policymakers’ debates and proposals, understand the reasons for their success or failure, identify the dynamics of political and economic trade-offs and compromises, shifting priorities, and alternative approaches that were abandoned at the time but recycled later. The project focuses on five work packages: macroeconomic policy coordination, fiscal transfers, capital market integration, banking harmonisation/supervision and the deepening of the common/single market. The project will examine the origins of the issues that are currently bedevilling the European Union (EU) by investigating the period between the creation of the EEC in 1957 and the decision to create a European single currency in 1992.