The importance of Economic and Monetary Union (EMU) is beginning to get recognised. The Convention Presidium has strengthened (but not sufficiently, according to the European Commission but the first step has been taken) the provisions of the constitutional treaty in this regard. The Convention will be debating this on Friday. This is the first result of a rather large movement in this direction as observed recently.
To begin with, there was the foresightedness of Jacques Delors: he...