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Stars aligned for euro overhaul, EU reboot

Macron pushes for greater fiscal integration within the EU as a way to address at least some of the shortcomings

"I have nothing against a euro-area budget. I have proposed in 2012 a smaller euro-area budget and failed miserably. I'm very glad that this idea is being introduced again." - German Chancellor Angela Merkel (left, pictured with French President Emmanuel Macron).


WHEN France elected Emmanuel Macron in May, the prospects of mending the euro's inherent flaws suddenly brightened. Adopted in 1999, the common European currency was intended as a political project to foster unity, but the crisis in Greece a decade...

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