If adopted, the proposal might be remembered as the moment when Europe became a genuine political federation.
Creating any EU recovery plan will require unanimous support from the EU’s 27 member countries – and this will involve unseemly late-night squabbles between the self-styled “Frugal Four” northern governments (the Netherlands, Austria, Finland, and Sweden), which have vehemently opposed funding for Mediterranean EU members
Anatole Kaletsky Project Syndicate 21 May 2020
Europe’s ‘Jefferson Moment’ is a defeat for the federalist dream
The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury.
Bloomberg 27 May 2020
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury.
Bloomberg 27 May 2020
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