This book offers the first comprehensive political analysis of the
Euro crisis that erupted in Greece in 2010 and subsequently
threatened the very survival of the Euro area. It has left a
profound mark on democratic politics all over Europe, changing
public attitudes and voting preferences, institutional and societal
norms, and deeply anchored political traditions.
The contributors to this volume reveal the extent to which
policymakers are torn between the pressures emanating from
financial markets and the demands put forward by their own
constituents; how they struggle to reconcile national preferences
with wider European interests; and how a polarized and politicized
Union seeks to maintain some degree of cohesion. The emerging
picture is that of a European Union under serious stress,
transformed by new governance structures and a shifting balance of
power. In response, the authors evaluate the prospects of a more
legitimate and democratic Europe. They provide a rich and pluralist
set of new analyses and proposals, aimed at understanding and
navigating the myriad tensions which surround the EU in the
aftermath of the crisis. If the European project is to regain the
trust of its citizens, such considerations must take a central
place in public debate.
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