In the wake of the financial crisis, most developed countries have entered a period of prolonged budgetary austerity. While the success of austerity programs is still unclear, it is also an open question what success would mean for activist government in the long run. This paper rejects the...

EU-level fiscal rules have not been able to prevent the large-scale accumulation of government debt in many eurozone countries. One explanation was major flaws in the rules. Some of these flaws have now been corrected. But the failure of the rules depended also on fundamental problems of time...

This paper analyses the EU's response to the Eurozone sovereign debt crisis. It examines the background to the crisis and how the threat to the single currency taxed the decision-making capacity of the EU, while also exposing long-standing fears about an absence of democratic legitimacy. In...

Steht das hoffnungsvoll gehegte, weltweit bewunderte europäische Integrationsprojekt heute vor dem Scheitern? Die Konflikte und Spannungen um die Stabilität der Währungsunion ("Eurokrise") und die enormen Herausforderungen der Flüchtlingskrise haben die Grundfesten der Europäischen Union...