What has been the impact of the European Union (EU)’s multifaceted crisis on asylum law and policy development? The article argues that the EU has sought to safeguard the core of its asylum policy by adding new layers of policy instruments in response to both the financial and economic crisis post-2008 and the refugee crisis starting in 2015. These instruments have had the overarching aim of providing EU member states facing high migratory pressures and/or financial constraints with additional support. Their efficiency, however, has remained questionable, reflected by a widening gap between the EU’s asylum laws and actual asylum practices of member states. By avoiding a paradigm shift in asylum policy, the EU has come to face a difficult situation: the implementation of the existing EU asylum rules may overburden southern member states while the perpetuated ignorance of these rules risks overburdening northern member states.