Liberalism in crisis : European economic governance in the age of turbulence 1. Shaping a new world economic governance : a challenge for America and Europe Jacques Mistral 2. Do we understand it : forbidden questions on the financial crisis Franco Bruni 3. Concrete steps towards more integrated financial oversight : the EUs policy response to the crisis Karel Lannoo 4. Institutional and policy dynamics in the EMUs internal governance and external representation Daniela Schwarzer 5. EU fiscal policy in the age of turbulence : will the Lisbon strategy survive it Carlo Altomonte Francesco Passarelli and Carlo Secchi 6. Beyond the current crisis : how should Europe deal with government deficits and public debt in future Fabian Zuleeg and Hans Martens 7. Feeling the heat : towards a revised governance of climate change Antonio Villafranca During the current economic crisis recurring questions on the validity of the liberal economic system have resurfaced concerning the role of the state and the free market the proactive use of fiscal policies economic nationalism and environmental sustainability. However due to the depth and scope of the crisis new emphasis is being placed on these issues. This book attaches great importance to the specific consequences for the European Union by addressing critical themes surrounding its role in the new era of global economic governance. These include the coherence of common monetary policy with national fiscal policies new financial regulation and supervision and the future sustainability of national rescue plans and their compatibility with ambitious targets such as those addressing climate change