Does integration advance through crises, as hinted by policy-makers such as jean Monnet or Romano Prodi? To what extent failure in responding to crises may lead to disintegration instead? Building on Historical-Institutionalist and Neofunctionalist approaches, as well as on macroeconomics this...

"In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical...

Within the Economic and Monetary Union (EMU) of Europe the responsibility for the single monetary policy lies with the European Central Bank (ECB). By contrast, economic policies remained national and must therefore be coordinated to ensure the proper functioning of EMU. A central government...