The “economy” leg of EMU is no longer paralysed. The economic dimension of the economic and monetary union (EMU) has been sorely lacking. Jacques Delors denounced this shortcoming from the very beginning but despite certain political forces and pundits failing to take account of it or recognise it, it is, nonetheless, being born under our very eyes. The fierce ongoing debate on the common economic guidelines for the eurozone is indeed an attempt to put this aspect of EMU into practice....