The process of European integration has taken a decisive turn. By insisting on very onerous terms for financial assistance to Greece, Europe's heads of state and government underscored new conditions for solidarity. They also placed great strains on European institutions.
Erik Jones considers the implications of the recent bailout deal for the European Central Bank, the euro, and the 'four unions' (economic, financial, fiscal and political) that the presidents of the European institutions have placed as the cornerstones for future integration. He will discuss how Europe is likely to develop in the aftermath of recent events in and around Greece, as well as what British voters will likely need to assess in their upcoming referendum on membership.
