OCTOBER COMMENT 2021 - AFTER THE SINGLE CURRENCY ALSO ACTIVE NEUTRALITY?

The euro is a reality for the European Union (EU). But what is or should be the Old Continent's foreign policy? Should it reflect the history of expansion of some of its - once - great powers, dreaming of some form of "grandeur"? Or perhaps, more realistically, could the model be that of the active neutrality of the Swiss Confederation? The debate is not just for political scientists. Finance, too, will soon be called upon to understand the political underpinning of the now [...]