Stefan Kawalec

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de mayo de 2009. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

(See 1st part)

France played a decisive role in shaping not only the euro system but the entire European project. This history has predisposed French leaders to the goal of preserving the euro at all costs. Those costs, as we explained in Part 1 of this article, have become quite insupportable. A new strategy is needed, and France’s role in shaping it will once again be pivotal.

France sits on the fault line between the euro system’s deficit and surplus countries. It runs a large and costly welfare system with high-quality public services, often referred to as the French model, founded on a deep and dearly held national consensus.…  Seguir leyendo »

(See 2nd part)

On the eve of the American Civil War, Abraham Lincoln famously said that “a house divided cannot stand.” Today, the European Union — committed for decades to the quest for “ever closer union” — must confront an agonizing truth. Lincoln’s maxim must be inverted. For the EU to survive, the euro must divide.

Between the Treaty of Rome in 1957 and the Single European Act in 1986, Europe’s governments brought about the one great peaceful revolution the continent has seen in its long and troubled history. The creation of a single European currency would build on this remarkable success.…  Seguir leyendo »