As the authors of a recent article entitled “Monnet’s Error?” concluded, the European project is on hold: “There is no desire to go backward [and] no interest in going forward, but it is economically unsustainable to stay still.” 1 I would like to say a few words today about the major challenge that this poses and what we can do about it. 1.
The paradox of the euro during the crisis  It should be noted, first of all, that the euro has proved to be something of a paradox: confidence in the single currency remains very high, despite the fact that the euro area is struggling to emerge from the crisis and the fragilities of our economic and political union have threatened the integrity of the euro area on several occasions.