With its recovery deal, is the EU finally starting to act like a unifying force? | Shahin Valléee


The huge economic boost breaks important political taboos, and suggests a willingness for more integration

It was a long time coming, but the coronavirus crisis seems to have allowed Europe to make a leap towards genuine integration. The global financial crisis in 2008 exposed the inherent fragilities and incompleteness of Europe’s monetary union, prompting a decade of agonising debate over fiscal union. Essentially, sharing a common currency without sharing a real budget was always going to be unstable and potentially dangerous .

Related: EU summit deal: what has been agreed and why was it so difficult?

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