Publication

This article analyzes criticisms and proposals for improved European economic governance. The 2008-09 financial crisis has focused much interest on the following two questions: who serves as the voice of the euro in the world, and which countries are going to join the eurozone and which ones are to be left out. We will address these two issues first, then the three traditional pillars of EU economic policy (monetary, fiscal and supply policy), and finish with a section on changes in the distribution of power caused by the crisis and the Lisbon Treaty.