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Europe’s Hamiltonian Moment

The proposed sum for the recovery fund proposed by French President Emmanuel Macron and German Chancellor Angela Merkel is small change in an era when politicians and...

But, if adopted, the proposal might be remembered as the moment when Europe became a genuine political federation.

  • Anatole Kaletsky
  • Project Syndicate

LONDON – The new Franco-German proposal for a €500 billion ($547 billion) European recovery fund could turn out to be the most important historic consequence of the coronavirus.

It is even conceivable that the deal struck between German Chancellor Angela Merkel and French President Emmanuel Macron might…

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