At the annual ‘State of the Union’ conference of the European Institute of Florence, on Thursday 10 and Friday 11 May, several economists and political decision-makers took a position in favour of a considerable reinforcement of the role of the European Stability Mechanism (ESM) but stopping short of calling for institutional changes.
These interventions echoed the package of texts on deepening Economic and Monetary Union (EMU) tabled by the European Commission in December 2017. Among...