A fifteen-year political union with a 2029 expiry date couldprevent the collapse of the Euro and offer a ‘New Deal’ forEurope

The Eurozone financial crisis has shaken the EU to its core and threatens to destroy the great achievements of European integration of past decades. Yet, European leaders are stuck; they are unable to proceed with further political or economic integration without risking the wrath of their country’s voters. Hugo Brady proposes a temporary political union for the Eurozone, beginning in 2014, to expire after 15 years. Such a ‘New Deal’ for the Euro would buy the amount of time European governments require to implement sorely needed reforms.