The comments here are actually much more acute, than the article its self. The article is Ok and the comments curiously complete it. It is nice to see that this neo liberal propaganda sheet is not acting as an EU echo Chamber.
Karl Bilt says elsewhere on this site what is needed is more Europe and less Brussles, that is in short less Centralisation and exclusive commison competences and much, much, more Subsidiarity.
Curiously Gordon Brown this sites Executive editor, has gone on record regarding Scottish independence and the currency which the Newly independent scots would use. Mr Brown suggests a federated Bank of England with branches with money issuing and taxation raising powers in the devolved assemblies. A federated EURO and ECB seems like a workable ambition, with a complementary currency element along the lines of Bernard Leitaers Terra for the EURO in international trade and national and regional currencies within the individual EU states.
The problem with European politicians brought up in the neo liberal technocratic tradition is that they have no idea when it comes to monetary history, its a very large lacuna in the thinking of this generation of political leadership in the European institutions and in National executives.