The Continentalist: The EU Gets Serious About Saving the Euro

In the not-too-distant future, should a continent-spanning republic ever emerge in Europe, historians will probably point to Sept. 12, 2012, as one of the game-changing days in the historic march toward such a goal: The German Constitutional Court effectively accepted the European Stability Mechanism (ESM); the European Commission made public its far-reaching plans for a European banking union; European Commission President José Mario Barroso declared that “the EU must strive to become a federation of nations states” in his State of the Union speech before the European Parliament; and finally, Dutch voters strengthened the country’s pro-European center, while paring back […]

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