No description available.

Sovereign debt crisis is a major event in the history of European monetary and fiscal integration. On the one hand, the crisis has shown weak points of monetary and fiscal governance, but on the other it has proven to lead to more integration in this sector. One of the solutions which led to more integration and was meant to prevent another crisis is the Fiscal Compact. The goal of the Fiscal Compact was to update the "rules of the game" to better fit the reality of post-crisis Eurozone. Crises can unfold and uncover governmentality patterns; the goal of the diploma thesis is to reconstruct these patterns using Foucaldian governmentality conceptual toolbox. The thesis will use the concept of political technologies and techniques to interrogate speech by Mario Draghi that he delivered at the Ludwig Erhard lecture in 2011. Following the identification of political techniques and technologies reflecting ordoliberalism, the thesis will continue with an analysis of microsites of fiscal councils. The goal of the analysis of microsites is to trace the operation of governmentality in the fiscal domain. The overreaching goal of the analysis is to problematize a view, postulating that the solution to the sovereign debt crisis reflects sovereign power.

In my thesis I have dealt with the issue of Fiscal Responsibility in the EU, especially the position the EU Member States have on this issue. The first part defines the Budget responsibility and Fiscal policy at the level of the Czech Republic and level of European Union. There has been mainly described and analyzed the Stability and Growth Pact, and the Fiscal compact. The second part has been devoted to evaluation of individual member states and described how the legislative acts are used for effort to reach sustainable finances contributing to the overall generally maintain Responsible and Fiscal policy. At the end its summarized and compared the evolution of public debt and budget deficits and also characterized their independent Financial institution.

This thesis examines the process of coordination of economic policies of the European Union on the example of the Visegrad countries. The introductory chapter describes the development of the economic policy coordination, discusses the key legal documents that most affected the process of coordination, and assesses the importance of the coordination for the European integration . The second chapter focuses on the latest changes in the legislation relating to the coordination of economic policies. The last chapter describes the influence of the most essential tools for coordinating the countries of the Visegrad Group. Assesses the extent differences involvement Slovakia coordination process, as the only state that groups that have adopted the euro . Assesses the impact of the crisis on developing coordination and lightly touching the issue of the future adoption of the euro in the countries of the Visegrad Group, which still use the national currency.

The thesis focuses on the British approach to EMU fiscal rules. Theoretical and conceptual framework is based on the theory of differentiated integration dealing with a various forms of closer cooperation among EU Member States. The research is built on the theoretical approach as described by Frank Schimmelfennig, Dirk Leuffen and Berthold Rittberger. Authors provide an analysis of conditions of differentiated integration within the EU. The aim of this thesis is to answer the question of why the United Kingdom decided not to participate in the fiscal compact and, consequently, did not allow further differentiated integration within the treaties (which led to an arrangement outside the EU legal framework) while accepting the initial fiscal rules agreed in the 1990s as well as other crisis reforms of EU fiscal governance. The first part describes Maastricht and SGP fiscal rules and analyses both the UK's position within EMU and the SGP provisions applied to the UK. The next chapter examines the British approach towards both the SGP revisions and the Euro Plus Pact. The third part analyses the new fiscal compact and explains why the UK decided to use the veto. In conclusion, the thesis provides an answer to the research question as set down in the introduction.

The global economic and financial crisis resulted in worldwide rising government debt levels, especially from 2008 to 2011. This thesis focuses on the sovereign debt crisis in the European Union and illustrates its member countries' debt levels in the period from 2001 to 2011. Two main indicators are considered: accumulated sovereign debt and its share in GDP. The following part outlines main measures taken in order to decrease general debt level in the European Union. Furthermore a selection of various presented proposals is introduced. The last part of the thesis speculatively evaluates all of these instruments and indicates possible imperfections.