Author: Yann Sydow
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The Euro: Power without Autonomy?
Main question: Why has the euro’s monetary power not translated into full EU strategic autonomy? Argument: While the euro functions as a growing geoeconomic tool (sanctions, trade, finance), its impact is constrained by EMU’s incomplete architecture, dollar dominance, and fragmented political and financial integration. Conclusion: Without deeper fiscal, financial, and political union, the euro cannot…