Despite significant measures to reinforce the EMU’s institutional set-up, there is widespread consensus that more needs to be done in order to better deal with cyclical and structural heterogeneity in the EU. Market-based adjustment mechanisms are necessary but not sufficient to advance...

The sustainability of European economic and monetary union (EMU) has been questioned over the last few years. Criticism has focused on the missing democratic dimension behind recent governance reforms, and the lack of compensating output legitimacy. The paper considers the seriousness of this...

Despite significant measures to reinforce the EMU's institutional set-up, there is widespread consensus that more needs to be done in order to better deal with cyclical and structural heterogeneity in the EU. Market-based adjustment mechanisms are necessary but not sufficient to advance...

The sustainability of European economic and monetary union (EMU) has been questioned over the last few years. Criticism has focused on the missing democratic dimension behind recent governance reforms, and the lack of compensating output legitimacy. The paper considers the seriousness of this...

The research paper assesses the opportunities and challenges raised by the post-crisis EU governance system with regard to the transition of European economies towards a new growth model balancing economic performance with social cohesion and environmental responsibility. It begins with...

The most commonly held opinion about the eurozone crisis is that it should lead to greater EU integration. Yet despite all the talk about fundamental design flaws and the need for a federal ‘leap forward’, EU governments and citizens are not ready to pool further sovereignty and resources as...

The research paper assesses the opportunities and challenges raised by the post-crisis EU governance system with regard to the transition of European economies towards a new growth model balancing economic performance with social cohesion and environmental responsibility. It begins with...

The most commonly held opinion about the eurozone crisis is that it should lead to greater EU integration. Yet despite all the talk about fundamental design flaws and the need for a federal "leap forward", EU governments and citizens are not ready to pool further sovereignty and resources as a...