Publication

As the banking crisis gradually turned into a fiscal one, international consensus about crisis management waned. Growing popular movements in both Europe and the US that demanded institutional reforms threatened the implementation of austerity measures. Taken together, an honest public debate about the reform agenda and the future of global economic governance is in order. The Polish presidency of the EU could use its remaining time to initiate a much-needed discussion about these issues, and institutional support could prove useful to these ends.