Publication

While the European Union has long been the most developed model of regional integration, it was severely shaken by the recent economic crisis, causing increasing doubts about the integration process. The lack of a timely and coherent response to the euro crisis called into question the integrity of the eurozone, whose structural and institutional fault lines have been revealed by the financial crisis. These doubts coincide with dramatic changes in the global economic order involving the relative decline of the EU and United States and the rise of Asia.