Bringing together some of the world’s top economists and policymakers to explain and tackle the Euro zone crisis of the early 21st century, this book argues, that it is essential that European policymakers push forward a radical agenda or run the risk of seeing Europe’s economies fall into further decline.

1. An ‘Economics’ Window on an Interdisciplinary Crisis 2. EMU: Old Flaws Revisited 3. Correcting for the Eurozone Design Failures: The Role of the ECB 4. Governance and Conditionality: Toward a Sustainable Framework? 5. Responses to the Euro Area Crisis: Measuring the Path of European Institutional Integration 6. Avoiding Another Crisis in the Euro Area: Public and Private Imbalances and National Policy Responses 7. EMU and Sustainable Integration 8. Getting the Story Right: How You Should Choose between Different Interpretations of the European Crisis (And Why You Should Care) 9. At Cross-purposes: Commercial versus Technocratic Governance of Sovereign Debt in the EU 10. The Making of a Continental Financial System: Lessons for Europe from Early American History 11. Impossible Macroeconomic Trinity: The Challenge to Economic Governance in the Eurozone 12. Using Interdisciplinary Analysis to Shape a Policy Agenda