He's advocating for fiscal union, but in paractice this requires a "United States of Europe". The proud nations of Europe don't appear to be ready for this lev

He's advocating for fiscal union, but in paractice this requires a "United States of Europe". The proud nations of Europe don't appear to be ready for this level of union yet. It's an open question whether the current crisis is a long term step away, or will lead to the relatively radical reformation required to achieve closer union.