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The Unhappy State of the Union

The Unhappy State of the Union

Loukas Tsoukalis

21 March 2014

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Europe Needs a New Grand Bargain

The euro crisis has fundamentally divided Europe between creditor and debtor states, between eurozone countries and the rest. Even within member states divisions run deep. Trust is low, the economics flawed, and the politics toxic.

Recovery has been modest at best; it also remains fragile and uneven ― with high unemployment, unhealthy public and private debt, and the growth of populist Eurosceptic parties. The EU seems to be facing the future on a wing and a prayer.

In this Policy Network pamphlet, Loukas Tsoukalis presents the case for a new grand bargain to rescue the European project. Written by an author who uniquely bridges the gap between academic analysis, policy and politics, the publication presents a critical overview of where the EU stands on the eve of its crucial parliamentary elections, how it got there and what is to be done to turn around the unhappy and precarious state of the Union.

The pamphlet is published in partnership with 5 other major European thinktanks: Notre Europe (France), Bertelsmann Stiftung (Germany), ELIAMEP (Greece), Istituto Affari Internazionali (Italy) and Elcano Royal Institute (Spain). Translated versions will be disseminated in all six languages.


About the Author:
Loukas Tsoukalis
is professor of European integration at the University of Athens, visiting professor at King’s College, London, and the College of Europe in Bruges. He is a former special adviser to the president of the European Commission, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP) and member of the board of Policy Network.

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