Will EMU lead to a European economic government?
Both proponents and opponents of economic and monetary union (EMU) have always viewed it as an engine of further European integration and as another milestone on the road to an ill-defined 'political union'. After all, the architects of the single currency - Helmut Kohl, François Mitterrand and Jacques Delors - saw it in part as a way of binding a reunited and more powerful Germany into a closer European Union.
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