No Integration without Representation
Alexander Hamilton is on everyone’s mind in Brussels nowadays, as watered-down versions of his concept of fiscal federalism are increasingly perceived as the solution to the eurozone’s malaise. But Hamilton’s ideas are incomplete without James Madison’s examination of how political representation should be structured in order to facilitate economic integration.
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FLORENCE – The eurozone crisis is a common cause for Europeans. But the shared interests of Europe’s citizens lack adequate political representation – a failing that contributed to the current crisis. The longer the crisis is treated exclusively as a technocratic issue, the more strongly the European Union will be pushed toward disintegration.