“…European integration has been accompanied by debates on differentiated integration (DI). Notions such as 'multi-speed' Europe, 'flexible integration', 'unity in diversity', or 'core Europe' have emerged, all of which share the idea that the member states integrate to different degrees with the European Union (EU) (e.g., Dyson and Sepos, 2010;Holzinger and Schimmelfennig, 2012;Hvidsten and Hovi, 2015;Jensen and Slapin, 2012;Leuffen et al, 2013;Schneider, 2009). The European Monetary Union (EMU) represents the most prominent case of DI: while some member states refused to participate, others were not permitted to join the club (see, e.g., Sandholtz, 1993).…”