A hasty and poorly thought decision that is likely to be irreversible! It is common to suggest that the EU makes decisive progress only in a crisis. This time around, however, it would seem that the opportunity offered by the coronavirus epidemic has been wasted; this was a unique chance to reinforce significantly the powers exercised by the European Institutions on behalf of all EU citizens. Reacting precipitously, the Commission proposed last Friday to suspend the rules that framed the budgetary processes of EMU Members and whose enforcement constitutes the foundation and sustainability of the Single Currency. By bowing to Italy’s pressing demands and taking note of France’s unilateral measures, the Commission has allowed each country to pursue its own…