The current process of European integration

The long process of European integration which resulted the creation of the European Union, is remarkable by many aspects. It was long considered as exemplary achievement for other similar project. Given the current political development in the EU member countries, pundits as well as analysts arguing that the process is now regressing and yet stabilizing. Many reflect that when the European Central Bank was set up, its first president, Wim Duisenberg, introduced each of his colleagues by country of origin. But there was a twist to it. It had them hail not from their respective nation state, but from “Europe” instead, as if it were a country.…