The Failure of the Euro? Causes and Consequences for Europe and Beyond

When the global financial crisis emerged full flower in 2008, its immediate impact on Europe was seen mainly through short-term declines in exports that quickly rebounded. Europe, it seemed, had dodged the crisis of ‘debt-laden Anglo-Saxon’ capitalism. By 2010 however, the crisis arrived in Europe via the balance sheets of periphery sovereigns, quickly morphing into a crisis of core banks that threatens the existence of the Euro itself. But even if the Euro survives, we must ask to what extent the project of ‘one currency and one Europe’ can be seen as a success or a failure after the crisis.

The European project has become synonymous with the Euro currency but it both predates and goes well beyond the Euro. It is above all a political union that seeks to forge a common European purpose out of diverse national interests. It is based upon solidarity and community. It is based upon trust. This is perhaps what the Eurocrisis puts most at risk, turning ‘partners’ into ‘PIGS’ and membership into moral hazard. By the time we hold this conference in April 2012 we shall perhaps know whether the Euro has survived in its current form. But whether the EU can survive the Euro is another question entirely. It is these issues that we explore at Brown University on April 17th 2012.


April 17, 2012
8:30 am – 6:00 pm


Martinos Auditorium @ The Granoff Center for the Creative Arts, Brown University
154 Angell. St, Providence, R.I.

For more information please contact The Watson Institute for International Studies at Brown University

Phone : 401.863.2809
Fax : 401.863.1270
Email :