This book is an analysis of Economic and Monetary Union (EMU) in Europe. Leading Political Scientists study the developments in the 2000s and draw conclusions about to what extent EMU has been successful and what challenges lie ahead.

This book was published as a special issue of the Journal of European Public Policy.

1. Preface Henrik EnderleinandAmy Verdun 2. EMU's Teenage Challenge: What have We Learned and Can We Predict from Political Science? Henrik EnderleinandAmy Verdun 3. EMU and Political Union: What, if Anything, have We Learned from the Euro's First Decade? Dermot Hodson 4. On Consensus, Constraint and Choice: Economic and Monetary Integration and Europe's Welfare States H. Tolga Bolukbasi 5. EMU's Diverging Micro Foundations: A Study of Governments' Preferences and the Sustainability of EMUTal Sadeh 6. Economic Interests and Public Support for the Euro Susan A. Banducci, Jeffrey A. KarpandPeter H. Loedel 7. EMU: The Last Stand for the Policy Convergence Hypothesis? David H. Bearce 8. Wage Inflation and Labour Unions in EMU Alison JohnstonandBob Hancke 9. Political Science and the 'Cinderellas' of Economic and Monetary Union: Payment Services and Clearing and Settlement Lucia Quaglia

Henrik Enderlein is Associate Dean and teaches Political Economy and Economics at the Hertie School of Governance, Germany. He was awarded the Max Planck Society's Otto-Hahn Medal in 2003 for outstanding achievements by young scientists, and in 2007 was Fulbright Distinguished Chair at Duke University's Political Science Department. He has published numerous articles on economic policy-making in Europe and beyond.

Amy Verdun is Professor of Political Science, Jean Monnet Chair, Director of the Jean Monnet Centre of Excellence at the University of Victoria, in Canada. Some of her earlier books include (as author) Britain and Canada and their Large Neighboring Monetary Unions; The Euro: European Integration and Economic and Monetary Union, and European Responses to Globalization and Financial Market Integration: Perceptions of EMU in Britain, France and Germany, and (as co-author) Ruling Europe: The Politics of the Stability and Growth Pact; and EMU Rules: The Political and Economic Consequences of European Monetary Integration.