A 'Northern Alliance' has emerged against the Eurozone’s political integration.

Finland, Ireland, the Netherlands, Estonia, Lithuania, Latvia and the two non-Eurozone members – Sweden and Denmark – issued on Tuesday a joint statement opposing the cluster of reforms proposed by President Emmanuel Macron and backed by the European Commission President Jean-Claude Juncker.

"The discussion on the deepening of the European Monetary Union should find a consensus on 'need to haves,' instead of focusi...