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Europe's uncertain identity
The launch of the euro is a success of historic proportions. It is also the ultimate vindication of the method first sketched out nearly fifty years ago in the Schuman memorandum. That memorandum - the work of Robert Schuman and Jean Monnet- sought to promote economic integration in order to attain a political objective, while avoiding a precise definition of what that objective should be. Today, as we witness the birth of the euro, this "method" is still very much alive.