After the Greek-End of the 13 July the Eurosceptic camp is again on the march… They claim the Eurozone is now divided between the North and the South and that a Euro break-up is around the corner. They say Hollande´s proposal to establish a Eurozone Budget and Parliament and Padoan´s call to establish a political union are unfeasible and undesirable (because people don´t want it). Well, in this op-ed for Politico Europe I beg to disagree. The biggest obstacle for a political union are not the people´s of Europe, as is claimed by the Eurosceptics, but rather the national governmental elites who have most to lose from a more supranational Europe. In many ways, the Eurosceptics based in the US and the UK don´t see that the EZ is starting to develop an own identity…. This is of course something that they have always feared and rejected…
European Union
How would the Euro look if it were a person?
I have spent more than ten years studying the evolution of the European Monetary Union (yes, even my Master dissertation at the University of Manchester written in 2004 was on the single currency). During all this time I have had many moments where I was lost in my thoughts, staring out of the window, pondering: “if the Euro were a person, how would he look?” The following is the outcome of my twisted thoughts. Get ready for some black humour.
[Read more…] about How would the Euro look if it were a person?
