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Europe's fiscal fisticuffs
European opinion is split broadly into two camps: those who believe Britain’s vote to leave the European Union is evidence that centralisation has gone too far, and those who think Brexit is evidence it has not gone far enough. The incoming European Commission belongs to the latter group and is keen to push on. President-elect Ursula von der Leyen has made clear her aspirations for an EU-wide unemployment insurance scheme, which would involve potentially unlimited transfers. Christine Lagarde, who on 1 November takes over the European Central Bank presidency from Mario Draghi, has stressed the need to complete the ... (full story)