Brief
Why Meseberg matters – A short explainer
Henrik Enderlein and Lucas Guttenberg explain the main features of the Franco-German position on euro area reform as agreed in Meseberg on 19 June.
They argue that it is an important step forward because finally the two biggest euro area countries have agreed to jointly ask the right questions for the future of EMU and are signaling readiness to give joint answers to them. In that sense the agreement is not a compromise, but a synthesis of French and Germany views.
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