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Is the European Union wasting an opportunity for reform?

The European economy is in good health. In principle, now would be a good time to strengthen the monetary union—but as ever, it’s complicated

By Paul Wallace  

European Commission President Jean-Claude Juncker and European Council President Donald Tusk pictured during a family photo during an EU summit meeting, Thursday 14 December 2017, at the European Union headquarters in Brussels. Photo: THIERRY ROGE/Belga/PA Images

Strange though it may seem to the British, European leaders meeting this week in Brussels had plenty on their plate other than Brexit. Donald Tusk, the European Council’s president, highlighted two other big issues where reforms are needed: the single currency and migration. Although the EU remains bitterly divided over how to deal with asylum-seekers, it pledged to make progress in strengthening the monetary union in the first half of 2018.…

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