Link between economic and political union. The current state of Economic and Monetary Union (EMU) is far from encouraging and we can understand Jacques Delors' disappointment. He had been the prophet behind this project as well as its initiator. If, however, current developments are compared to the previous long-term blockage in the economic field, we can see that progress has been considerable. How many times have Germany and France being criticised in the past for not respecting EMU rules...