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Europe’s Hamilton Moment
Article

Europe’s Hamilton Moment

A New Kind of Federalism for the Continent

Pierpaolo Barbieri and Shahin Vallée
Foreign Affairs, 2017
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Editorial Rating

7

Qualities

  • Visionary
  • Hot Topic

Recommendation

Pierpaolo Barbieri and Shahin Vallée suggest that the European Union today needs a “policy leap,” resembling the one Alexander Hamilton – the first US treasury secretary – initiated in 1790. Barbieri and Vallée draw historical lessons from the United States, Germany and Switzerland, which all in their unique ways evolved from loose federations to become strong, unified entities. getAbstract recommends this Foreign Affairs article to historians, political scientists and Europeans in general.

Take-Aways

  • Following Brexit and the election of US president Donald Trump, support for a strong European Union has increased across the eurozone. 
  • Yet as the fallout from the 2008 global financial crisis brought home, the EU cannot stabilize its financial system without a federal budget and a federal debt.
  • A unified monetary and fiscal policy enabled the United States to evolve from a loose federation to a more unified entity.  

About the Authors

Pierpaolo Barbieri works for the Harvard Kennedy School’s Applied History Project. Shahin Vallee is a former economic adviser to French president Emmanuel Macron and EU council president Herman Van Rompuy. 

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