"This book develops a theory of which crises are most likely to produce substantially deeper European integration based on the interaction of two dimensions of a crisis: the severity of the threat to the existing status quo and the origin of the crisis either within or outside of the sector of...

The 2007–9 financial crisis threatened economic disaster on a scale not seen since the Great Depression, but rapid state action prevented the widely feared devastation. The German response was considerably more generous to banks than the American or British bailouts. Drawing on interviews and...