No one quite knows what form or shape the missing blocks in the Euro construction will look like.
The reason being that the underlying causes for the hesitations of the recent past remain as ubiquitous as ever.
However, I believe that a long overdue point in time will eventually arrive when it becomes untenable not to act.
Surplus and deficit economies can hardly survive indefinitely in a single currency bloc without some sort of realistic arrangement that addresses imbalances.
The reason being that the underlying causes for the hesitations of the recent past remain as ubiquitous as ever.
However, I believe that a long overdue point in time will eventually arrive when it becomes untenable not to act.
Surplus and deficit economies can hardly survive indefinitely in a single currency bloc without some sort of realistic arrangement that addresses imbalances.
But such is the known context over which action must ensue.
Indeed, already there is a relatively severe mismatch between the Euro's two major economies of France and Germany. This is only amplified when the Netherlands and Germany (and a couple more) stick to one side while on the other most of the rest may be found.
Indeed, already there is a relatively severe mismatch between the Euro's two major economies of France and Germany. This is only amplified when the Netherlands and Germany (and a couple more) stick to one side while on the other most of the rest may be found.
Unless a broad-based common vision for the Euro is adopted by the 19, the currency will limp on but is unlikely to survive into the future. Financial turmoil hitting again is a when not an if.
In fact, words are increasingly becoming meaningless for excessive repetition and lack of consequence.
In fact, words are increasingly becoming meaningless for excessive repetition and lack of consequence.
Germany's general election is the next stop in a long timeline that has not witnessed much change since Draghi's grand stopgap move?
Should Germany's leadership remain as frozen as they have been or should Macron fail in his attempts to get those who matter to do what it takes, then our cherished single currency - still loved by most across the Eurozone - faces a perilous future.
Should Germany's leadership remain as frozen as they have been or should Macron fail in his attempts to get those who matter to do what it takes, then our cherished single currency - still loved by most across the Eurozone - faces a perilous future.
As with all times that beg bold decisions, statesmanship is direly needed.
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