Drawing on a larger project leading to special issue in West European politics, the panel exames the 2010-present Euro crisis. Rather than focussing narrowly on monetary union, the panel maintains that the  the European Union faces not one but three crises: (i) an economic crisis of global competitiveness and divergent north-south fortunes, (ii) a democratic crisis of participation and trust in supranational EU institutions, and (iii) an identity crisis grounded in profound difficulties in accepting and incorporating past migrants (and their children) and in accommodating new ones. There is important feedback between these crises: EU institutions have been unable to respond quickly or effectively to the banking and fiscal crisis; bond markets fear that southern European countries' demographic development (low birth rates, an aging and declining population) make them even less able to cope with high public debt; and migrants, along with young people generally, pay disproportionatley for fiscal retrenchment. By presenting papers on varieties of capitalism across Europe, austerity, the Euro, and the effect of the crisis on the southern European party system, the panel will explore the causes of the crisis and the extent to which European policies and institutions can be reformed to address it.