The Eurozone Crisis and the Future of Europe

Anton Hemerijck, VU University Amsterdam, The Netherlands Bodo Herzog, Reutlingen-University, Germany Brigitte Young, University of Muenster, Germany Fabian Zuleeg, European Policy Centre, Belgium Francesco Nicoli, European Policy Centre, Belgium Giorgio Basevi, University of Bologna, Italy Jerome L. Stein, Brown University, USA Jonathan Story, INSEAD, France Julius Horvath, Central European University, Hungary Karlhans Sauernheimer, Johannes Gutenberg-University, Germany Kunibert Raffer, University of Vienna, Austria Martin Suster, National Bank of Slovakia, Bratislava Michael R. Blomenhofer, Kroll, Singapore Pradumna B. Rana, Nanyang Technological University, Singapore Radu Vranceanu, ESSEC Business School, Paris, France

1. Introduction; Daniel Daianu and Rajeesh Kumar 2. Overview: Analytics of the Euro Area Crisis; Carlo D'Adda and Giorgio Basevi PART I: ECONOMIC IMBALANCES AND THE EURO AREA CRISIS 3. The Diversity of Debt Crises in Europe; Jerome Stein 4. European Sovereign debt Crisis and the Euro'; Julius Horvath and Martin Suster 5. Economic Policies and the debt/GDP Constraint: The European Challenge'; Radu Vranceanu 6. Current Account Imbalances in the Eurozone: Causes, Remedies and the Role of the ECB; Karhans Sauernheimer PART II: CRISIS MANAGEMENT IN THE EURO AREA: THE INTERPLAY BETWEEN ECONOMICS AND POLITICS 7. The Euro Crisis and German Primacy; Jonathan Story 8. The Power of Ordoliberalism in the Eurozone Crisis Management; Brigitte Young 9. Italy and the Euro; Carlo D'Adda 10. Turning a Small Problem into Catastrophe: The Case of Greece; Kunibert Raffer 11. The Eurozone crisis. A Perspective from and Impact on Asia; Pradumna B. Rana and Michael R. Blomenhofer PART III: THE EURO AREA: LOOKING INTO THE FUTURE 12. The EMU is No One-Way-Street: Back to the Roots!; Bodo Herzog 13. Changing Welfare States and the Euro Crisis; Anton Hemerijck 14. The long Term Implications of the Euro Crisis for European Integration: A Deeper Union of Fragmentation; Francesco Nicoli and Fabian Zuleeg 15; The Euro Area : Repairing A Flawed Design and Its Policy Arrangements; Daniel Daianu 16. Afterword: Summing up: The Crisis and Europe's Future; Daniel Daianu and Rajeesh Kumar