In this volume, a group of distinguished economists, political scientists, and sociologists analyze the political economy of European integration. The authors evaluate recent developments in European politics and institutions. They consider the current situation and prospects for the future of an integrated Europe. This book will be of great interest to observers, scholars, and students of European economic and political affairs, macroeconomic policy, institutional analysis, and comparative and international political economy. The book is unique in combining perspectives from economics and political science and provides in-depth analysis of the new European institutions. It is published in conjunction with "Monetary and Fiscal Policy in an Integrated Europe" by the same editors.