ABSTRACT
The euro crisis stemmed from deficiencies in the economic architecture of the euro area and policy errors by individual euro members. In response to the euro crisis, significant, albeit incomplete, reforms were made to its economic architecture. But with these reforms came a further transfer of sovereignty to euro area institutions, heightening questions concerning their legitimacy and accountability. Meanwhile, the immigration crisis and Brexit have placed new strains upon European political solidarity. Against this background, lessons are offered as well as thoughts on how to strengthen the euro project.
