The book examines the euro crisis and Europe's institutional flaws, offering insights into how the EU can move forward despite reform fatigue. It highlights the need for structural changes to prevent future crises.
The book delves into the euro crisis and the challenges faced by the European Union, particularly the institutional flaws that were exposed during the crisis. It argues that while there have been some improvements, such as the reduction in sovereign bond yields in countries like Ireland and Spain, a sustained recovery is still elusive. The book suggests that the EU needs to address these flaws to prevent future crises, but this task is complicated by reform fatigue in Brussels and national capitals. The new Commission president faces the daunting task of restructuring the union to make it more resilient. The book offers a critical yet hopeful perspective on the future of the EU, emphasizing the need for continued reform and structural changes.
Quick quotes
The EU can finally turn the page on some of its most difficult years.
Yet, while sovereign bond yields in countries such as Ireland and Spain have come down sharply from the heights reached during the eurozone crisis, there is little sign of a sustained recovery.
The new Commission president faces the task of trying to restructure a still imperfect union in spite of the reform fatigue that has permeated Brussels and national capitals.