A turning point in the European project. The outcome of the special eurozone summit of Thursday 21 July marks a turning point in the history of the European project, ending the imbalances in economic and monetary union (EMU) between the monetary and the economic arm. A number of sticking points were ironed out that had seemed insurmountable ahead of the summit. The special issue of this newsletter (EUROPE 10424) summarised the results while explaining their significance, reported on the...