Europe and the Challenge of the Economic and Financial Crises: Lessons and Implications for Reform
The financial crisis, and the ensuing economic recession, have undoubtedly triggered a reality check in a number of national and supranational policy making institutions and regulations. The EU has been no exception. Just months after the ratification and entry into force of the Lisbon Treaty, heralded in some quarters as the best way to prepare for the challenges of the 21st century (EUInsight, 2009), there are renewed calls for political and institutional reforms for a Union that is visibly struggling in safely navigating all its components out of the recessions tumultuous waters.



