Volume 15 (2017), Edition 1

Whereas observers calling the sustainability of EMU into question pointed to lack of business cycle synchronization, we argue that two other forms of heterogeneity are more important. First, income per capita in low-income euro area member states...

European integration has come to constrain the capacity for democratic political action in EU member states through the judicial constitutionalization of “economic liberties”. At the same time, the capacity for effective political action at the...

Contemplating the utter chaos in Europe, and the question of where we go now, one is tempted to respond like the apocryphal Irishman who has been asked for directions. “If I were you”, he replied, “I wouldn’t start from here”. As the...

2016 will be remembered as the year when globalisation turned sour and deglobalisation began - with the Brexit vote in the UK, and then the Trump election in the USA. By 2017, it also looked as if Europe had lost its mojo. The reversal of...