A stroke of inspiration. The idea of “economic governance” of the eurozone and the EU as a whole is now almost a commonplace. Some previously considered it as a dream, whilst others saw it as sacrilege but today it is accepted and, above all, it is being put into practice in operational projects; the details still need to be defined but the principle has been agreed. The justified concerns of member states involved control of their national budgets and were taken into consideration by...