%0 Journal Article
%T No, they can't!¡± The potential and limitations of the EU (as a supranational state in the making) to reform finance and overcome the crisis
%A Peter Wahl
%J PSL Quarterly Review
%D 2012
%I Associazione Paolo Sylos Labini
%X After the financial crisis had fully broken out in 2008 there were strong statements about the need for reforms. However, the official EU statements kept a lower profile from the beginning for several reasons. The existing structures and procedures have created a strong path dependency. This does not mean that there is no alternative. But it takes time to implement change and it is very difficult to make it real ¨C at least as long as one does not want to give up democracy. This is why the crisis management in place is confined to muddling through.
%K financial reform
%K European Union
%K financial crisis
%U http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10196/10085