The future of the eurozone

This week Mario Draghi announced a spending surge to revive flagging eurozone growth. What are the implications of his swansong for Europe’s two biggest economies, Germany and France? Here’s the best of our opinion and analysis.

Their commitment to price stability requires them to back Draghi’s stimulus plans

After months of gilets jaunes protests, €25bn in extra public spending has bought the French president time for reforms

The benefits of integration carry a price tag. German voters have never been required to understand this bargain

There is a growing acceptance that monetary policy has reached its limits

With external risks continuing to rise, caution could prove costly

There are weaknesses in the laws and framework for dealing with ailing institutions

More from this Series

Letter from Ray Kinsella, Ashford, Co Wicklow, Ireland

Staunch independence makes less sense in deflationary times

From Alberto Mingardi, Turin, Italy

Von der Leyen’s team shows vision of EU as regulatory superpower