The Euro Shows the Way for the EU

The euro is exactly what Europe needs. The single currency forces European nations and governments to collaborate and integrate at precisely the time when such steps are demanded by an increasingly integrated world with macrolevel problems—from climate change to international terrorism, from migration to the spread of weapons of mass destruction.

The euro was originally designed to make European integration irreversible by forcing Europe’s nations to integrate politically as a result of deep economic integration. The goal was to create peace in a traditionally violent continent through integration so deep and comprehensive that the old patterns of European conflict would become obsolete.