Goldman Sachs: EU Heading For Tighter Central Governance

When considering the European currency union, the region appears on a potential path towards tighter centralized political control following the “whatever it takes” economic mandate as outlined by European Central Bank President Mario Draghi.

Euro membership has value that needs further integration

The very value of Euro membership was tested in Greece recently, a Goldman Sachs report notes, and the initial verdict was that remaining a part of the Euro family was most important. “We believe political commitment to the Euro remains high: even in Greece, the incumbent government was ultimately prepared to accept an invasive and aggressive adjustment programme in order to retain the Euro,”...