The crisis in the euro area is a defining moment in the history of European integration. It has revealed major flaws in the architecture of the European Union; it has challenged European institutions to shape an appropriate response; and it has tested the patience of a European public that is eager to see their economic prospects improve again. This volume brings together some of the world's top economists and policymakers to explain how this crisis came about and what is to be done. The policy agenda these chapters establish is going to be difficult to implement, not least because of popular misunderstanding and political opposition. This book argues, that it is essential that European policymakers push forward this agenda or they run the risk of seeing Europe's economies fall back into crisis. This book was previously published as a special issue of theJournal of European Integration.
Erik Jones is Professor of European Studies and International Political Economy and Director of European and Eurasian Studies at the Johns Hopkins School of Advanced International Studies.
Francisco Torres is Visiting Senior Fellow in European Political Economy at the European Institute, London School of Economics and a Senior Member and PEFM Associate at St Antony’s College, Oxford. He is also Adjunct Professor at the Catholic University in Lisbon and an EU Steering Committee Member of the ECPR.
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