Gerard Howlin: EU deal about so much more than the money

European Commission President Ursula von der Leyen and European Council president Charles Michel bump elbows after addressing a media conference at an EU summit in Brussels on Tuesday. Picture: Stephanie Lecocq/AP

The ‘Deal!’ that EU Council president Charles Michel announced in a one-word tweet early yesterday morning is historic. There will be much talk of the money involved to rescue Europe from the deepest recession since the 1930s. 

More important than the money, however, is the modality.