Chancellor Angela Merkel of Germany, with the euro under renewed pressure from Spanish banks and the coming Greek election, said on Thursday that the answer is “more Europe,” with moves “step by step” toward a fiscal and political union of countries using the euro.
But how much more Europe does Europe want?…
Further union implies more sacrifice of national sovereignty than leaders of many countries want ”” let alone their voters, who have an increasingly low opinion in general of “Brussels” and of its largely faceless and unelected technocrats.