ABSTRACT
European Union economic governance is being transformed by the combined effects of a sequence of different crises:
the limits of a growth model which is no longer sustainable in the present context of globalisation;
the financial crisis which started in 2008;
the economic and social crises which have followed;
the Eurozone crisis combining sovereign debt with bank debt and exposing the imbalances in the Eurozone and the flaws of the European Monetary Union (EMU) architecture;
the crisis of EU integration triggered by the need for major reforms in the Economic and Monetary Union.
