What should the European Union do to challenge the Eurozone crisis? Examining the recent debate, one can identify the following options to overcome the EU’s institutional crisis:

1.    reform of the EU treaties;
2.    enhanced cooperation:
3.    the conclusion of an international agreement.

In this brief note, I am going to stress both the negative and the positive aspects of these options, trying to read them in light of the constitutional dynamics of the EU.
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