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
Negotiations on amending EU treaties would open a Pandora’s box of endless disputes. Any new treaty that transferred more power from national governments to Brussels would run into trouble in the national parliaments and fail in almost any referendum
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