The EU no longer lives in the orderly world of the Maastricht treaties, but in the world of a “populist monetary union.”
The EU is not a mono-directional train headed toward “ever closer union.” An “ever better union” with a clear focus on the principle of subsidiarity might be more like it.
It is not only countries in Europe’s southern periphery that mismanage their national economies.
Is the euro crisis just a European crisis — or is it a global crisis in search of a global governance solution?
How successfully is Europe coping with its unprecedented fiscal challenges?
How has the euro crisis turned the potential benefits of the euro for the South into a substantial loss for everybody?
Would eurobonds create more problems than they would solve?