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Europe’s New Hope?

Gros, Daniel, (2017), «Europe’s New Hope?», Project Syndicate, 4 Μαϊου 2017

The prospect that the centrist, pro-European Emmanuel Macron will become the next French president has fueled hope that renewed Franco-German leadership of the European Union may be on the horizon. After Germany’s general election in September, it is hoped, a more stable EU could begin to make much faster progress toward unity and integration.

To that end, reforming the eurozone seems an obvious first step – one that Macron himself brings up often. But this might be more difficult than anticipated. For one thing, there are deep differences between the economic philosophies of policymakers in France and Germany.

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