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Before the crisis, flexicurity was a leading European Union (EU) policy concept, which aimed to balance labor-market flexibility and security. The recent focus on austerity measures to reduce public deficits might be thought to have reduced attention to the ‘security’ component of flexicurity. Accordingly, a ‘farewell to flexicurity’ has been claimed to have occurred. This paper challenges that claim and explores the role of flexicurity within the European Semester. It analyses the European Semester’s policy goals between 2007 and 2016, as well as the country-specific recommendations (CSRs) to member states between 2009 and 2015. The analysis shows that the EU flexicurity concept has been revitalized, while its definition changed to encompass more social concerns. Even at the peak of the crisis, CSRs continued to devote attention to elements of both flexibility and security, although the precise details differed across countries and have changed over time.

How has the new structure of European Union (EU) economic governance affected the ability of parliaments (national and European) to scrutinize and control economic policy? Departing from the premise that executive power needs to be matched by appropriate parliamentary control, this contribution argues that parliamentary powers have been compromised in EU economic governance. Although budgetary powers remain formally at the national level, governments’ decisions have become constrained and national parliaments find themselves on the losing side of a reinforced two-level game. This loss in parliamentary powers is not compensated at the European level, as at that level political authority is effectively left suspended between the national governments, who are unaccountable as a collective, and the European Commission, which lacks a political mandate of its own. Against this background, a final section identifies guidelines for organizing parliamentary accountability in settings, like EU economic governance, in which executive power has come to be shared across levels.

This book provides a balanced introduction to diverse political economy perspectives on different aspects of European integration, demonstrating both the importance and the potential of research in this area. The volume includes three types of chapters: broad literature reviews, narrower applications of existing arguments, and new syntheses of competing claims. The authors also present a critical appraisal of how scholars in the EU and US use theory to understand European integration, and examine issues such as citizens' attitudes, perceptions and preferences of actors, the role of non-state actors, principle-agent questions, and the role and the autonomy of European institutions. This empirically informed and methodologically rigorous volume will be of great interest to students and researchers in the fields of comparative political economy, EU studies, international political economy and international organizations.