Optionality
mixed — the euro is the #2 global reserve currency (real monetary weight) and the ECB is credible, but fiscal power is fragmented across 27 members with veto points and no unified treasury; joint action (NextGenEU) is possible but exceptional, not routine.
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- analytical — treaty-bloc structure; board.yaml 'contested sovereignty' euro = #2 reserve currency; but no unified fiscal sovereignty (27 members, SGP constraints, unanimity vetoes)
the working
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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to European Union.