New economic coordination has changed the landscape of EU governance (Amtenbrink 2012). The impact of this new governance regime on the EU’s social dimension is topic of political and scholarly debate. Some argue that the EU has lost track of its social aspirations (e.g. Janssen 2013; Watt 2013; Clauwaert and Schömann 2012). Others are more optimistic in their search for a new space for social Europe (e.g. Bekker and Klosse 2013; Vanhercke 2013). This lecture adds to the discussion of the impact of new economic governance on social policies and explores opportunities for and constraints on social Europe.