On Wednesday 31 May, the European Commission laid out some ideas to relaunch the reflection on the deepening of Economic and Monetary Union (EMU) up to 2025.
These ideas - such as creating a macro-economic stabilisation function or increased democratic control - have been around in the public debate ever since the financial crisis of 2008 threw the shortcomings inherent to the single currency into sharp relief. However, the European institution is confident that the importance of European...