Here we are: the EU is now in the operational phase of the far-reaching transformations that it will be undergoing. Looking ahead, a lot of things will be changing in the way Europe operates.
Way to euro is signposted. With regard to one essential aspect, that of the euro and economic governance, the way ahead has now been flagged. The first “European semester” for coordinating national budgets and national economic policies has been set out. The principles for managing the euro have...