Abstract
This chapter examines the Eurozone crisis and the ways its interaction with the refugee crisis and Brexit impacted the European Union. After briefly describing each crisis, I turn to the intersections among these crises and the role of institutions in solving them. While institutions often help, they are not panaceas. Existing scholarship on the EU often implies that substantial improvements in welfare are just around the corner if only we “get our institutions right.” Focusing on the dynamic context of multiple crises underscores the ways in which differential integration is taking place in the EU. I argue that the Eurozone crisis presents the most opportunity for “heading forward” among member states, whereas both the refugee crisis and Brexit constitute failures to devise institutional solutions to the challenges facing the EU.
Revised and reprinted version of an original article: Caporaso (2018).
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Notes
- 1.
Admittedly, other interpretations are plausible, including one in which Orban sees German generosity as relieving pressure on Hungary to accept more refugees.
- 2.
This is hotly contested in several countries not least of which is Germany.
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Caporaso, J.A. (2021). The Euro in a Triple Crisis Context and Its Impact on the European Union. In: Riddervold, M., Trondal, J., Newsome, A. (eds) The Palgrave Handbook of EU Crises. Palgrave Studies in European Union Politics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-51791-5_23
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