Like someone who has narrowly escaped a heart attack, Europe can raise a glass and give thanks for the victory of Emmanuel Macron. But the glass is less than half full, and if Europe doesn’t change its ways it will only have postponed the fateful day.
The next president of France will be a brilliant product of that country’s elite, with a clear understanding of France’s deep structural problems, some good ideas about how to tackle them, a strong policy team, and a deep commitment to the European Union. When a centrist pro-European government has been formed in Berlin after the German election this autumn, there is a chance for these two nations to lead a consolidatory reform of the EU.
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