Any references to Alexander Hamilton can be stored safely until at least July. And we would even argue that as much as we like the idea of European solidarity to prevent increasing economic divergence, whether the birth of the European Recovery Fund can become a Hamiltonian moment remains questionable. In any case, today’s videoconference of European leaders was more of a stock-taking moment than a tipping point in the ongoing discussion around the European Commission proposal for an EU Recovery Fund. German Chancellor Merkel concluded after the meeting that the leaders were now at the point where negotiations can ... (full story)