This book has two research objectives. The main objective is to present the dynamics of the system reform of the Economic and Monetary Union in 2010¿2022. The other is to take stock of the reform and to highlight its successes and failures. In this context, the monograph puts forward two research hypotheses. The first hypothesis assumes that the shortcomings in EU primary and secondary law regarding the Economic and Monetary Union and the course of the euro area debt crisis were two main reasons for reforming the EMU, whereby the crisis in question actually forced the European Union and the euro area countries to implement the reform. The second hypothesis is based on the assumption that the implementation of the system reform encountered many difficulties and obstacles arising from the negative attitude of the governments of some euro area Member States to the execution of selected projects, but also from the accumulation of various severe crises that the European Union faced during the reform, in particular the euro area debt crisis, the migration crisis, the pandemic crisis and the geopolitical crisis following Russiäs aggression against Ukraine. The research hypotheses were verified using a triangulation of several qualitative methods: case study, institutional-legal method, comparative method, and critical analysis of sources and literature.

Chapter I: The euro area debt crisis in 2010- 2018. The origin, dynamics and resolution instruments - Chapter II: The first stage of the system reform of the Economic and Monetary Union in 2010- 2015 - Chapter III: The second stage of the reform of the Economic and Monetary Union in 2015- 2022

Janusz Józef W¿c is Professor of Humanities in recent world history, international relations and European studies. He is also Head of the Chair of Studies on Integration Processes at the Jagiellonian University in Kraków, Jean Monnet Chair Professor, and a member of the 'Team Europe' Network. He is also the author of over 300 scientific publications published in Poland and abroad, including 22 monographs and syntheses. He held research stays in universities of Bonn, Erlangen-Nuremberg, Salzburg, Berlin, Bremen and Nijmegen.