Tuesday, 11 November 2008

Blogs : 11th November

Is the EU speaking with one voice? Stanley Crossick, BlogActiv.eu (en)
" ... Unusually, the European initiative is French-driven, with broad British support but a reluctant Germany. A reactive role is unsatisfactory for Europe’s economic motor. Joschka Fischer rightly argues that Germany should stop opposing the very principle of economic governance and lead the way in fashioning it. “The EU needs an economic government for the deep and long crisis ahead. Germany, Europe’s biggest and most important economy, should lead the way decisively” ...
... There is an urgent need for macroeconomic and fiscal coordination at the EU level. The EU must be able to respond politically. “Simply put, Europe’s nation states are too small to address a crisis of this dimension on their own. Only the EU can protect the interests of all Europeans - including those outside the euro zone and even outside the EU. But, while Europeans have created strong institutions with the euro and the ECB, they still lack an adequate political superstructure to confront the coming economic crisis.”..."

The eleventh hour of the eleventh day of the eleventh month. Helen, Bruges Group Blog (en)

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