After two years of vacillation, European policymakers have moved decisively toward economic and political union, leaving many to wonder whether more integration is really necessary. Two factors are crucial to answering this question, both of which center on ensuring European future stability – in the short- and long-term.
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WASHINGTON, DC – A quiet breakthrough occurred recently in Europe. After more than two years of vacillation, policymakers have moved decisively toward economic and political union. Some have even used the “f-word” – federalism – igniting controversy and fueling urgently needed debate.