The Euro’s badly-needed reform could finally be on the cards
Has Germany finally started to shift its position on the future of the Eurozone? Speaking today, at a conference for the German equivalent of the CBI, Chancellor Angela Merkel appeared to open the door to a new form of governance for the 19-country bloc. Since the financial crisis, the common currency zone has bounced from crisis to crisis, surviving by kicking the can down the road at each critical moment. It has long been obvious that major institutional changes were required to ensure the currency’s long-term viability. During the recent French presidential election campaign, the euro was an important political issue: Marine Le Pen proposed restoring the French franc (albeit in parallel