What purpose does the EU serve? Why and how was it set up? How does it work? What has it already achieved for its citizens, and what new challenges does it face today? In an age of globalisation, can the EU compete successfully with other major economies while maintaining its social standards? What will Europe’s role be on the world stage in the years ahead? Where will the EU’s boundaries be drawn? And what future is there for the euro? These are just some of the questions explored by EU expert Pascal Fontaine in this edition of his popular booklet Europe in 12 lessons. Pascal Fontaine is... former assistant to Jean Monnet and Professor at the Institut d’Etudes Politiques, Paris. This publication is a part of a series that explains what the EU does in different policy areas, why the EU is involved and what the results are.