Under The Background Of The European Debt Crisis:an Analysis Of The Effectiveness Of Germany’s Leading Role In The European Union

Beginning with the “Schuman Plan” in 1950,the process of European integration has been accelerated around the “Franco-German axis”.Nowadays the EU has become the most integrated regional international organization in the world,while the costs of economic emergence have gradually become apparent.Under the combined effect of long-term economic growth imbalance among the eurozone countries,the European sovereign debt crisis broke out.Whether Germany,as the strongest country in the EU,can lead the EU member states out of the crisis and actively manage the deep-rooted economic contradictions in the Eurozone,these issues are closely related to the future development of Germany and the EU.This paper takes “Leadership” as a perspective,draws on concepts such as“Hegemony” and takes the European debt crisis as a case study,and constructs an analytical framework for “Hegemonic leadership” countries,i.e.,in the process of debt crisis in the process of debt crisis governance,effective leadership should play the role of hegemonic leadership.“Hegemonic leadership” refers to the behavior of an actor that actively shapes the international or regional normative order based on its strong will to lead and its abundant power resources and leadership strategies,while gaining the approval of other actors within the group.This paper takes the analysis of Germany’s leadership role in the EU as a perspective and the eurozone crisis as a focus point.Finally,we use case studies to analyze the causes and effects of the debt crisis and Germany’s measures in the process of crisis management,and explore the effectiveness of Germany’s leadership in the process of debt management.This paper argues that Germany has contributed to the leadership role in some issues of the eurozone crisis,and Germany has played a major role in the formation of the European Stability Mechanism and the Fiscal Compact,and helped sovereign countries to solve their debt problems to a certain extent.But Germany’s role can hardly be defined as “Hegemonic leadership” in terms of the process of crisis governance and the path of German influence on debt governance.When the crisis occurred quietly in Europe,Germany was not ready to provide public goods to other EU member states because it did not have a strong will to lead and therefore did not shape the system or order according to its own specific preferences enough to influence the whole Europe.Looking at the historical process of EU integration,Germany did not have absolute power resources in the past eurozone crisis and its response in crisis governance did not have a strong positive impact on the eurozone.Since it is unable to lead the EU to solve the deep-rooted conflicts,it is only a matter of time before the economic crisis breaks out again.The EU is facing and will face many challenges,and historical experience shows that the EU needs a "hegemonic leadership" state to play a strong stabilizing role in the face of the crisis.Germany shares the development of the EU,and should deal with domestic political constraints,strengthen the common leadership will,reinforce the common goals with France,actively take responsibility in the EU integration construction,and strengthen the leadership role of the “Franco-German axis” in the EU.