Pushing for Unity
“What threatens us is not too much Europe, but too little Europe,” wrote French President François Hollande on July 19. He called for a new parliament to govern the eurozone, a new eurozone government that would have its own budget.
The idea of closer integration has strong support across Europe. Guy Verhofstadt, one of the top leaders in the European Parliament, tweeted his support of a “political union” during the latest iteration of the Greek crisis.
Most importantly, it has strong support in Berlin. German Finance Minister Wolfgang Schäuble called for a eurozone parliament and a “European budget commissioner” a year ago—almost the same recommendations as Hollande. Just two days before Hollande’s article, Spiegel Online published this interview with Schäuble. Continue reading