Fractious club of national leaders cannot lend the stability Europe needs

A fractious club of national leaders cannot give Europe and the eurozone the policies and stability it needs. The eurozone needs the powerful, politically game-changing instrument of eurobonds – and eurobonds will ultimately need federal, democratically controlled institutions to give them sufficient legitimacy.

• Primary Source

ESO: Background information: Merkel and Sarkozy pledge to defend euro http://www.europeansources.info/record/france-and-germany-plan-joint-taxation-merkel-and-sarkozy-pledge-to-defend-euro/

ESO: Background information: Breaking Europe’s cycle of enfeeblement http://www.europeansources.info/record/breaking-europes-cycle-of-enfeeblement/

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