By Giovanni Moro
Established in 2002, the Euro is now the forex of 17 nations utilized by over 335 million humans day-by-day. even if the only foreign money is way mentioned when it comes to macroeconomics and worldwide funds, policymakers not often deal with its impression on eu citizenship in social, cultural, political, and daily life economics phrases. This hidden aspect of the one foreign money is the point of interest of the essays, which use a number of techniques, from fiscal heritage and political sociology to citizenship and legitimacy, to bare the connections among the Euro and ecu citizenship.
This well timed contribution via well known specialists offers a better figuring out of the Euro at a time whilst it isn't transparent no matter if it's going to be celebrated or venerated, and appears into elements of the one foreign money which are the bottom of the social belief that helps it and that's at stake within the current concern. will probably be an important software to an individual learning the political, social, and monetary improvement of the E.U.
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Extra resources for The Single Currency and European Citizenship: Unveiling the Other Side of The Coin
A single currency arose as a tool of the newly centralized, bureaucratized modern nation-state, allowing for a range of activities, such as revenue raising, spending, and borrowing, that extended the state’s administrative reach. Such currencies encouraged the deepening of an integrated single market and gave political elites the ability to fight wars, solidifying the boundaries and political capacities of the states themselves. If currency helps make the nation-state, then it logically makes sense that currency makes citizenship, as part of the process of creating a nation.
How might practices around the euro help create Europe as a social fact, and provide the cultural underpinnings for European imagined community of citizens? When symbols become concretized and have physical expressions, in the process that some scholars call “entitativity” (Risse 2003), such cultural underpinnings are built. Here, symbols—and the ideas, values, and emotions contained within them—become physical objects that actors interact with in practice. Symbols are made “real” by being embodied in objects that actually become part of peoples’ lives in a practical way.
To highlight this point it is sufficient to go back to some of the elements we have dealt with previously. As a cultural agent, the single currency has defined European identity as a multiple phenomenon, including national and Community as well as civic and cultural elements. As a social agent, the single currency has reinforced the European citizens’ common environment, based on freedom of movement. As an everyday life economy agent, it has materialized the EU as a common market, where citizen consumers not only exchange goods and services, but also interact to build material and nonmaterial value.