Banking union, political union ... where is the social union?

Last autumn, tens of thousands took to the streets. In New York, in Madrid, Frankfurt and London. They were angry that banks got bailed out while average people had to stomach more and more cutbacks, rising taxes and unemployment.

In Athens, anti-austerity protests have turned violent several times throughout the last three years the country has been under strict EU and International Monetary Fund supervision linked to two consecutive bailouts.

The Occupy movement may have faded ...