Report on the State of the European Union

Volume 5: The Euro at 20 and the Futures of Europe

  • Jérôme Creel
  • Éloi Laurent
  • Jacques Le Cacheux

Table of contents

  1. Front Matter
    Pages i-xv
  2. Jérôme Creel, Éloi Laurent, Jacques Le Cacheux
    Pages 1-9
  3. Ideas and Achievements

    1. Front Matter
      Pages 11-11
  4. The Euro at 20

    1. Front Matter
      Pages 47-47
    2. Jérôme Creel, Francesco Saraceno
      Pages 65-81
    3. Christophe Blot, Paul Hubert, Fabien Labondance
      Pages 83-96
    4. Jacques Le Cacheux
      Pages 97-113
    5. Jérôme Creel, Francesco Saraceno
      Pages 115-130
  5. Beyond the Euro: The Futures of Europe

    1. Front Matter
      Pages 131-131
    2. Guillaume Allègre
      Pages 133-149
    3. Aurélien Saussay, Paul Malliet, Gissela Landa Rivera, Frédéric Reynès
      Pages 171-185
    4. Éloi Laurent
      Pages 187-202
  6. Jérôme Creel, Éloi Laurent, Jacques Le Cacheux
    Pages 219-222
  7. Back Matter
    Pages 223-228

About this book


This volume, the fifth instalment of the classic Report on the European Union series, offers at once an economic and intellectual historical perspective on the creation of the euro and its 20 first years, a comprehensive review of the current and future challenges of the euro area, including a critical look at the different options for the reform of its governance and institutional architecture and finally a close look at the “new euros”, i.e. the ambitious projects that could instil a new life into the stalled European project. It covers a wide range of key economic and social topics such as monetary and fiscal policy, tax competition, the EU budget, structural policy, inequality, gender equality, post carbon economy, well-being advancement and democracy. Weakened by a decade of economic crisis and shaken by the awakening of populism, the European project faces three disintegrations: democratic disaffection, monetary and financial fragmentation and territorial dislocation. If EU member states want to escape those looming risks, they must, as they always have in the last five decades, reinvent Europe in order to save it.


Euro Governance Convergence Sustainability Inequality Economic policies

Editors and affiliations

  • Jérôme Creel
    • 1
  • Éloi Laurent
    • 2
  • Jacques Le Cacheux
    • 3
  1. 1.OFCE/Sciences PoParisFrance
  2. 2.OFCE/Sciences PoParisFrance
  3. 3.Université de Pau et des Pays de l’AdourPauFrance

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-98363-9
  • Online ISBN 978-3-319-98364-6
  • Buy this book on publisher's site