Writing for Project Syndicate in an article titled Macron and Europe’s Centrists Are Out of Good Options, Yanis Varoufakis describes how the constraints of European Union politics make it hard for centrists in France to fend off the extreme right juggernaut of Marine Le Pen: This is, in short, the history of the European integration process, which is how we have monetary union with no fiscal union; a central bank with no counterparty treasury; economic governance, but no European government. For there to be a major upset to the status quo, there will need to be coalitions of governments willing to either cooperate outside the EU framework or force some kind of new exception to the economic governance of the Union.