It is commonly argued that at its heart, the European Union’s Economic and Monetary Union is a political project. Many therefore claim that its difficulties stem from a lack of political union, since EU officials have offered no coherent view on how to achieve one. Paris and Berlin both have ideas, but they ignore the fact that giving greater powers to Brussels is unpopular and, in the case of Germany, unconstitutional.

<i>The EU has laid out plans to strengthen its monetary union, but the official documents are ambiguous at best. Member states have their own preferences: France wants a voluntarist ‘economic government,’ while Germany favours a rules-based ‘economic constitution...

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Dr. Michael Wohlgemuth
The French and the German proposals come close to radical visions of a European federal state, each of a very different kind: an interventionist planned economy in the French version, or a legal framework for an open market economy, according to the Germans
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