Richard Youngs examines the legacy of the crisis and what it will mean for the EU's international role. The fallout undermines the EU's foreign policy capacity and tarnishes its normative brand, compelling some member states to focus on realpolitik and their own national-level policies. But there are also signs of enhanced European cooperation, greater international ambition, and deepened commitment to the values of a liberal world order. Youngs details how the EU can craft an effective foreign policy strategy while confronting an internal economic crisis and a reshaped global order.