This article challenges the methodological nationalism of the convergence debate by arguing that multilevel governance … interests across all relevant regulatory subspheres. This assumption is not tenable in systems of multilevel governance. Three … features of multilevel governance diminish the scope for a uniform social bloc to ensure a tight coupling of complementary …

European Union and its economic governance system has become a shelter against negative external shocks in coordinating … an ineffective and even counterproductive European economic governance system. Although, in the wake of the Euro Crisis … inefficient governance system - the European Stability and Growth Pact (ESGP) - has not been reformed adequately. -- Euro Crisis …

has focused on the missing democratic dimension behind recent governance reforms, and the lack of compensating output …, governance needs to accommodate the diversity of expectations and situations of euro countries. The paper then assesses the way … governance works in practice by analysing the interaction between the EU and national democracies on three similar cases: the …

instrument for joint refinancing. -- Euro crisis ; governance of the euro area ; debt sustainability ; financial market …

-oriented, democratic deficit of European economic governance. …