When the euro – the common currency in 19 out of the 28 European Union countries – was created, there was a sense that we had already taken a big step toward economic and ultimately political integration.
After all, European economies had to continue a rapprochement and the gap between the rich and the not-so-rich countries was being diminished.
But today, we can conclude that we were wrong. The reality is a completely different situation and it is one that has been tormenting the European Uni...

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