Pierpaolo Barbieri and Shahin Vallée suggest that the European Union today needs a “policy leap,” resembling the one Alexander Hamilton – the first US treasury secretary – initiated in 1790. Barbieri and Vallée draw historical lessons from the United States, Germany and Switzerland, which all in their unique ways evolved from loose federations to become strong, unified entities. getAbstract recommends this Foreign Affairs article to historians, political scientists and Europeans in general.
In this summary, you will learn
- Why now is a good time for the European Union to reform its monetary union, and
- What the US and Switzerland can teach the European Union about federalism.
About the Authors
Pierpaolo Barbieri works for the Harvard Kennedy School’s Applied History Project. Shahin Vallee is a former economic adviser to French president Emmanuel Macron and EU council president Herman Van Rompuy.