A European Plan for France and Germany

 and 

With European growth barely visible, and dangerously low inflation causing real interest rates to rise, the weight of public and private debt has grown very heavy, and another lost decade may be at hand. France and Germany – which largely drove European integration for more than six decades – must not resign themselves to this fate.

PARIS – Europe is falling into a stagnation trap. With growth barely visible, and dangerously low inflation causing real interest rates to rise, the weight of public and private debt has grown very heavy, and many fear that another lost decade is at hand. And, though the threat of eurozone fragmentation has receded, it has not disappeared. Given all of this, Europe is losing relevance internally and externally.

https://prosyn.org/O5EHRnK