Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be extended to the analysis of the economic-political effect of narratives in the context of the European core-periphery divide, which intensified after the European sovereign-debt...

The European sovereign debt crisis has demonstrated the need for a rethinking of the European integration project. The strong variety between member countries prevented Eurozone to become a fiscal and political union and the asymmetric architecture of EMU revealed different weaknesses. The...

pt. 1. Transatlantic linkages -- pt. 2. The crisis and policies: a transatlantic perspective -- pt. 3. Institutions, rivalry, and the consequences for democracy -- pt. 4. The European currency and transatlantic relations.

This article addresses an anomaly in the European Union (EU)’s recent evolution. Two years ago, Great Britain’s exit from the EU seemed improbable, while Greece’s departure appeared to be imminent. The outcome was precisely the reverse. We explain the paradox and examine its ramifications....