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Europe’s “Hamiltonian Moment” or “Fort Sumter Fusillade”?

A credible federal fiscal capacity, as Alexander Hamilton negotiated for the fledgling US, would ensure the euro’s long-term survival.

But before Europe achieves anything close to federalism, it must survive a potential “Fort Sumter” moment – that is, a backlash comparable to the…

  • Jacek Rostowski and Arnab Das
  • Project Syndicate

LONDON – The Franco-German proposal for a €500 billion ($565 billion) European Union recovery fund to cope with the COVID-19 crisis has been called the…

Like Alexander Hamilton’s 1790 agreement with Thomas Jefferson on transferring US states’ Revolutionary War debts to the new federal government, the…

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