Europe’s Wake-Up Call
Given the interlocking challenges identified by the Draghi Report on Europe's future, identifying mutually advantageous policy trades among member states is a promising approach to achieving deeper integration. This is because national governments are more likely to agree to deeper integration when it strengthens them domestically.
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BERKELEY – Mario Draghi’s report on the state of the European economy is meant as a wake-up call. But will Draghi’s alarm be heard, or will European policymakers hit the snooze button?