The European Union Is on the Brink of Historic Change
The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury. A radical transformation. –Photographer: Vanden Wijngaert/Bloomberg The European Union has a habit of disappointing when trying to design a joint response to an economic crisis. However, Ursula von der Leyen’s speech at the European Parliament on Wednesday…