Clauss Offe
The EU in 2013 finds itself at the crossroads of either something considerably better or something much worse than the status quo; in other words, in a crisis. That much is nearly universally understood, both within Europe and widely beyond. So I am certainly not alone in believing that the current crisis, a crisis that is the cumulative outcome of a financial market, sovereign debt and EU integration/democratic deficit crises, is an extremely serious and unprecedented one, frightening due to its complexity and uncertainty. If it cannot soon be resolved (but nobody knows how soon is �soon enough�) through a major institutional overhaul of the EU, both the political project of European integration and the global economy will suffer badly�to say nothing about the massive social suffering it has caused already in the countries of the European periphery.