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The New Federalist, webzine of the Young European Federalist

News, comments & analysis of the EU, Community policies, federalism, constitutional issues and political debates on Europe.

  • Can a Monetary Union Survive without an Economic Union?

    Wednesday 10 March 2010 by  Guido Montani , 0 comment
    To overcome the Greek crisis the EU needs more integration. The menace of a Greek default shows that there is something wrong in the institutional architecture of the European Union. In the Maastricht Treaty, the EU’s member states decided to create an Economic and Monetary Union (EMU). Today this acronym is interpreted as meaning “European Monetary Union”. The Economic Union aspect is forgotten. Indeed, during the euro’s first decade European citizens experienced an effective monetary policy (...) Continue

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