Monday, September 25, 2017

Europe, the EU, everything changes and nothing changes

https://www.ft.com/content/00ad3640-9eea-11e7-9a86-4d5a475ba4c5

"..........
Each side has allies in an old European struggle that predates the euro. One senior policymaker describes it as a proto-theological battle between the “Calvinist” north led by Germany, Finland and the Netherlands, and a “Catholic” south of France, Italy and Spain. In any grand bargain, Mr Macron will have to persuade the Calvinists they will not be on the hook for the profligacy of other countries in a reinforced eurozone.
 Ms Merkel will need to reassure the Catholics that the age of austerity will not return should another crisis hit. There is also an awkward squad of countries outside the euro that includes Sweden, Poland and Hungary.
 Part of the reform agenda will require changes to EU law that must be discussed by all 28 members including the UK, giving a say to capitals that have clashed with Brussels, such as Budapest and Warsaw.
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