Not all of these are great ideas (for example the European agency on democracy) but some are well-worth pursuing (like a stronger Schengen). At the very least, President Macron is pushing a creative and exciting vision of Europe rather than letting the naysayers set the agenda. As he says, it is all to easy to find fault without offering a real alternative. Macron’s ideas should shape the next debates on the European project far more than either Brexit or Italian budget targets.
Christopher Smart is Managing Director, Chief Global Strategist, and Head of the Barings Investment Institute. He is a former special assistant to the US president for international economics, trade, and investment (2013-15) and deputy assistant secretary of the treasury for Europe and Eurasia (2009-13).