This is where we stand right about now.
Future of the euro area — German Finance Minister Schäuble and former ECB president Trichet float proposals on the future of the euro area – an elected EU president, political union, “federation by exception”. While more integration is likely as a response to the current crisis, progress is not likely to be quick.
France and the fiscal compact — German FM Schäuble and Eurogroup chairman Juncker are confident that French President
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