The EU’s Slow, Sneaky Attempt to Engineer a Fiscal Union

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Brussels is using the fiscal and economic turmoil of the euro zone to turn a currency union into a fiscal one, too.

NRPLUS MEMBER ARTICLE T here is a certain disreputable genius to how EU summits (or, more accurately, meetings of the EU’s Council, the body made up of the leaders of each member-state, the EU’s president, and its top bureaucrat) are organized. Typically arranged to last just a day or two, the tight timing ensures that talks will run late — so late, in fact, that those participating might agree to anything to grab some sleep. As the EU’s overall direction is, with pauses, forever forward, these long nights can have a way of ending up with another step or more being taken on the

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