In the wake of the ongoing eurozone crisis, the New York Times reports that the European Union is looking to make “fundamental changes,” mooting the creation of a “central financial authority — with powers in areas like taxation, bond issuance and budget approval.” This, notes the Times, could “eventually turn the Eurozone into something resembling a United States of Europe.”
And so, in the face of arguably the most significant crisis in the history of the European integration project, the conclusion drawn by those who seek further federation is predictable: The problem with Europe, they say, is not that there has been far too much integration of a continent which is inherently unsuited to union, but that there has been too little. Plus ça change, plus c’est la même chose.
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