Since the financial crisis erupted in 2008 the need for a Eurozone reform became obvious. The article discusses the creation of a European Monetary Fund (EMF) or the deepening of the Banking Union as possible solutions.
The outcome of the Italian election is another wake-up call. Former centre-left and socialist voters now are being caught by 'modern' populist parties who claim to defend citizens' rights and fight against a corrupt political class as well as social and economic injustice.
How to redesign the Eurozone in order to enhance its chances of survival? There are many alternatives that can and should be considered. A contribution on how to change the European Union's economic policy.
Is there still time to convince enough citizens, especially the young, to give their support to the European project, however bruised and battered it may look at the moment? What are the main challenges to be mastered if, at the end of the year, the European Union and its supporters will be able to look back with contentment, pride and relief and forward with confidence?
The current crisis in the eurozone has different levels: economic, social and political. The causes of the crisis have to be assessed for every level in a common European analysis taking into account that all three levels are interconnected.