PVS Politische Vierteljahresschrift

The euro crisis triggered substantial institutional change within the Economic and Monetary Union. Yet, the autonomous decision-making powers of the Commission remain limited. The community budget plays no role in the financing of the main stability...

This article examines whether the crisis caused a quantum leap in the scope and intensity of politicization compared with previous integration debates. We compare the public debate on the Eurozone crisis with previous debates on European integration...

Which consequences did the Euro crisis have on differentiated integration in the European Union (EU)? We distinguish centripetal and centrifugal effects at three levels: membership in the Eurozone, the integration gap between members and...

The euro crisis is marked by the intensification of intergovernmental policy coordination, an increasing asymmetry in European parliamentarism, a growing integration and legitimacy gap in the EU, and the politicization of integration. The crisis has...

As a consequence of the euro crisis, economic and fiscal policy-making competencies have been transferred to the EU-level. At the same time, national parliaments have seen their capacity to influence the policies to combat the crisis curbed. This...

Suffering from reduced competitiveness, some member countries of the Eurozone are forced to pursue a policy of internal devaluation. This leads to a deficit of legitimation both with regard to the input and the output of the democratic process. We...