It is becoming clear that the roots of the euro crisis are political rather than economic. The 2008 financial meltdown may well give birth to one of the great moments of political realignment where mainstream parties are being pushed to the sidelines and parties that used to skulk on the fringes are dominating the agenda.
The elitist and technocractic nature of German politics means that the case for European integration is not being made to the German people. Worryingly this is also giving an opportunity for anti-EU populists to gain influence.
Two myths about a Greek exit from the euro have recently gained traction. Both are misguided and both are extremely dangerous. Here are the reasons why.
The implosion of Greece's party political landscape and the victory of François Hollande in France transformed the political debate in Europe. Moreover, both events act as a catalyst for a political reinvention of the eurozone and an emergence of a transnational political space.
The European financial crisis has refocused the debate on the nature of Europe’s political union. Emma Bonino and Marco de Andreis make the case that a ‘lite’ version of federation may provide a viable and practical solution to the euro crisis.
Deeper EU integration is a sensible way forward but Poland will not support the institutionalisation of a two-speed Europe. The imperative for closer cooperation between the euro zone members should not be a means of dismantling the EU.
The ECFR Scorecard 2012 shows that Europe's power is waning – and if the continent doesn't get its act together soon, it could put the global order in serious jeopardy.
After a frenetic 2011, what are the big trends that are going to shape Europe and the wider world in 2012? Here are ten that ECFR experts think are likely – and one widely predicted trend that we don't think will happen…
Just as the mechanisms that made democracy function in city states were not adequate for governing nation states, representative democracies today are showing themselves incapable of managing, effectively and democratically, the system that is emerging in Europe.
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