Perspectives on Federalism is a free on-line peer-reviewed journal, promoted by the Centre for Studies on Federalism.

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.