Europe

After Greece, Europe thinks more about Union

Now that Italian Finance Minister Pier Carlo Padoan has joined calls to create a political union, parliament and budget for the euro zone, it's clear that closer euro area integration is on the immediate agenda. And it's no wonder: The Greek crisis has brought the issue to a head. Greece's new status as a "colony" under tight outside control, much bemoaned by critics of the country's third bailout, now looks as if it may be a precursor to what awaits all the other countries that use the euro.
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