The incidents at the anti-austerity rally committed by violent protestors, on 18 March, in connection with the inauguration of the new ECB headquarters in Frankfurt are a warning that European policy makers would be wrong to minimise. As the Greek crisis grows more toxic, governance of the Economic and Monetary Union (EMU) becomes the central issue. And it is no picnic.
With humour, even though the situation is serious, Jean-Claude Juncker has just reminded French Prime Minister Manuel Valls that…