powerless europe: why is the euro area still a political dwarf ? (September 2006)

Sunday 14th December 2008

[Lorenzo Bini Smaghi] Unified European representation can be achieved only in exchange for the Member States’ own seats. Otherwise, the number of European representatives would unacceptably increase. As the Member States tend to believe their participation in international institutions and fora such as the IMF and G7 provides them with prestige, they tend to oppose unified European representation...