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- 01 30, 2025
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Ursula von der Leyen is hard to imagine. Unlike Alexander Hamilton—America’s first secretary of the Treasury, who masterminded the fiscal federalisation of the United States and was posthumously rewarded with a hit musical—Mrs von der Leyen still has some battles to win. Her latest proposal to make the European Commission that she runs a more political arbiter of the bloc’s fiscal rules is a good example.