Europe after the euro crisis sergio fabbrini argues that the european union eu is comprised of states pursuing different aims and with divergent visions as to the purpose of the eu he therefore suggests that the future of the eu lies in formalising different depths or levels of integration amongst its member states. The european debt crisis often also referred to as the eurozone crisis or the european sovereign debt crisis is a multi year debt crisis that has been taking place in the european union since the end of 2009. The book argues that a new european political order is necessary to deal with the consequences of the crisis based on an institutional differentiation between the eu member states interested only in market co operation and those advancing towards a genuine economic and monetary union. The european debt crisis is the shorthand term for europes struggle to pay the debts it has built up in recent decades five of the regions countries greece portugal ireland italy and spain have to varying degrees failed to generate enough economic growth to make their ability to . Parliamentary union that led to multiple compromises in its structure and shows how the euro crisis has called them into question the book argues that a new european political order is necessary to deal with the consequences of the crisis based on an institutional differentiation
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