Misunderstanding the euro crisis

Editorial says that when France and Germany laid out a ''Pact for competitiveness' in February 2011 – visibly designed as a quid pro quo for German assent to more effective solutions to the eurozone debt crisis – they were seen as running roughshod over other nations and over the European Union’s spirit of community and solidarity. On the 3 March 2011 came the response from the most ardent of European integrationists, in a Financial Times comment article by former European Commission Presidents Jacques Delors and Romano Prodi, and Belgian ex-prime minister Guy Verhofstadt. Both proposals champion the long-standing wishes of their authors. Neither remotely addresses Europe’s current challenges argues the editorial.

ESO: Background information: EU pact proposals will ‘not end this crisis’ http://www.europeansources.info/record/eu-pact-proposals-will-not-end-this-crisis/

ESO: Background information: Europe must plan a reform, not a pact http://www.europeansources.info/record/europe-must-plan-a-reform-not-a-pact/

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