Challenges for economic governance in Europe  It is time to turn to Europe and discuss what all these developments and challenges mean for the future of governance in Europe. I intend to answer this in two ways. First, I will address some of the challenges for economic governance in Europe, as revealed by the financial crisis.
These are challenges that are linked to fundamental shifts in the international economy brought on by globalisation. The crisis has served to “unmask” them and bring them into clearer perspective, and now governance solutions are urgently called for.