March 10, 2017 – Il Sole 24 Ore published an editorial by SEP Senior Fellow Carlo Bastasin, in which he discusses the recent “mini EU summit” at Versailles, where the option of a “multi-speed” Europe was further discussed. The problem underlying European economic governance is evident—the area lacks a common political architecture. The Single Market, which has brought quantifiable benefits in terms of economic growth, needs to gradually evolve toward greater integration, heading eventually for the creation of a real political system. Before then, the area needs shared judicial and supervisory authorities, as well as the ability to craft legislation. Without a complete institutional framework, it will become increasingly difficult to defend the Single Market.
- The original article (in Italian) is available from Il Sole 24 Ore.