Failing Forward? The Euro Crisis and the Incomplete Nature of European Integration

  title={Failing Forward? The Euro Crisis and the Incomplete Nature of European Integration},
  author={Erik Jones and R. Daniel Kelemen and Sophie Meunier},
  journal={Comparative Political Studies},
  pages={1010 - 1034}
The European Union (EU) project of combining a single market with a common currency was incomplete from its inception. This article shows that the incompleteness of the governance architecture of Europe’s Economic and Monetary Union (EMU) was both a cause of the euro crisis and a characteristic pattern of the policy responses to the crisis. We develop a “failing forward” argument to explain the dynamics of European integration using recent experience in the eurozone as an illustration… Expand
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