The Continentalist: Europe Nears Its Hamiltonian Moment

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The European Union’s solidarity vs. sovereignty game of chicken goes another round this week with the EU Council meeting on June 28, and its key actors are France and Germany. France, and others, are seeking a banking union and ultimately eurobonds; German Chancellor Angela Merkel wants collective oversight on spending beforehand. Who gives in first is the crux of this negotiation, and it boils down to a question of trust. My take on the subject at this stage of the events: Trust Germany — and hope that France does, too. I already explained last week in this column that the […]

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