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Uniting Europe Through a Common Currency
Uniting Europe through a common currency

This chapter examines efforts by European leaders to bring about a further unification of Europe through the creation of the euro. The pathway of conflict and cooperation these leaders have travelled to reach this point dates back to the end of World War II when Winston Churchill called for creating a United States of Europe. The path has been marked by a series of great successes, but more recently this success has begun to look somewhat hollow. When financial crisis struck some of the newest members of the European Union (EU) in the early twenty-first century, it threatened both further progress toward establishing a United States of Europe and even the existence of the ...

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