Europe: single market or political union?

The choice is between single market and political union over‐simplified. Even an effective single market requires some political integration. So too does the management of a single currency, advantageous in itself. Neither requires a ‘European economic government.’ Beyond this, the peoples of Europe increasingly question the need for further supra‐nationalism.‘Political union,’ in the form which frightens people, will not happen. Britain must play a full part in shaping the EU and its unique institutional structures, and prepare to join the euro‐zone as soon as sensibly possible.