The functioning of the EU and the euro are being seriously tested by the economic and sovereign debt crisis. In the heated debate evoked by the crisis, the European Institutions have provided a framework of action with the Fiscal Compact in January 2012 and the Compact for Growth and employment in June 2012. Moreover, a Roadmap towards a deeper integration within the EMU was agreed. What are the means for safeguarding an all-European consensus about the future of the Union and how does this future look like? How should the Member States implement these agreements in terms of fiscal discipline and structural reforms?