The Eurozone Crisis and the Future of Europe

Anton Hemerijck, VU University Amsterdam, The NetherlandsBodo Herzog, Reutlingen-University, GermanyBrigitte Young, University of Muenster, GermanyFabian Zuleeg, European Policy Centre, BelgiumFrancesco Nicoli, European Policy Centre, BelgiumGiorgio Basevi, University of Bologna, ItalyJerome L. Stein, Brown University, USAJonathan Story, INSEAD, FranceJulius Horvath, Central European University, HungaryKarlhans Sauernheimer, Johannes Gutenberg-University, GermanyKunibert Raffer, University of Vienna, AustriaMartin Suster, National Bank of Slovakia, BratislavaMichael R. Blomenhofer, Kroll, SingaporePradumna B. Rana, Nanyang Technological University, SingaporeRadu Vranceanu, ESSEC Business School, Paris, France

The authors uncover the roots of the eurozone crisis, focusing on how this can be solved against the backdrop of a very deep financial and economic crisis and its strong social impact. Looking at the impact of the financial crisis on the eurozone, they explore the European Union's recent and future developments.

1. Introduction; Daniel Daianu and Rajeesh Kumar 2. Overview: Analytics of the Euro Area Crisis; Carlo D'Adda and Giorgio Basevi PART I: ECONOMIC IMBALANCES AND THE EURO AREA CRISIS 3. The Diversity of Debt Crises in Europe; Jerome Stein 4. European Sovereign debt Crisis and the Euro'; Julius Horvath and Martin Suster 5. Economic Policies and the debt/GDP Constraint: The European Challenge'; Radu Vranceanu 6. Current Account Imbalances in the Eurozone: Causes, Remedies and the Role of the ECB; Karhans Sauernheimer PART II: CRISIS MANAGEMENT IN THE EURO AREA: THE INTERPLAY BETWEEN ECONOMICS AND POLITICS 7. The Euro Crisis and German Primacy; Jonathan Story 8. The Power of Ordoliberalism in the Eurozone Crisis Management; Brigitte Young 9. Italy and the Euro; Carlo D'Adda 10. Turning a Small Problem into Catastrophe: The Case of Greece; Kunibert Raffer 11. The Eurozone crisis. A Perspective from and Impact on Asia; Pradumna B. Rana and Michael R. Blomenhofer PART III: THE EURO AREA: LOOKING INTO THE FUTURE 12. The EMU is No One-Way-Street: Back to the Roots!; Bodo Herzog 13. Changing Welfare States and the Euro Crisis; Anton Hemerijck 14. The long Term Implications of the Euro Crisis for European Integration: A Deeper Union of Fragmentation; Francesco Nicoli and Fabian Zuleeg 15; The Euro Area : Repairing A Flawed Design and Its Policy Arrangements; Daniel Daianu 16. Afterword: Summing up: The Crisis and Europe's Future; Daniel Daianu and Rajeesh Kumar