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Europe at a Crossroad

Syrrakos, D and Theodore, J and Theodore, J (2017) Europe at a Crossroad. In: The European Union and the Eurozone under Stress: Challenges and Solutions for Repairing Fault Lines in the European Project. Palgrave Macmillan, pp. 7-26. ISBN 978-3-319-52291-3

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Abstract

In this chapter, we explore the key economic problems the European Union (EU) is facing, namely the crises of the Eurozone and its inability to promote economic growth in the wider Single Market. Here, we go back to the political and economic foundations of the Euro in the Maastricht Treaty, the creation of a ‘two-tier’ EU, and the background of the European debt crisis – with its epicentre in Greece.

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