Europe has nothing to fear but fear itself and will move ahead with hope - Telegraph
Europe’s leaders must see that the drawbridge has been lifted behind them. They cannot back out of this and thus must steel themselves for the journey ahead.
Moreover, they must also realize that for the European project to succeed – which it must – monetary union must be accompanied by four other kinds of union: a banking union; a fiscal union; a “competitiveness” union, or convergence; and, to all intents and purposes, a political union. And to be sustainable over the long term, the continent’s political economy must be capable of reintegrating its youth and present an ideal worth fighting for.
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He is right - that lot would make the Euro succeed. Though to get it through you would have to end democracy as no country is going to vote for it.
I am amazed the Euro has survived to the end of 2012. I reckon it will go quiet now until after German elections in September 2013.
Europe’s leaders must see that the drawbridge has been lifted behind them. They cannot back out of this and thus must steel themselves for the journey ahead.
Moreover, they must also realize that for the European project to succeed – which it must – monetary union must be accompanied by four other kinds of union: a banking union; a fiscal union; a “competitiveness” union, or convergence; and, to all intents and purposes, a political union. And to be sustainable over the long term, the continent’s political economy must be capable of reintegrating its youth and present an ideal worth fighting for.
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He is right - that lot would make the Euro succeed. Though to get it through you would have to end democracy as no country is going to vote for it.
I am amazed the Euro has survived to the end of 2012. I reckon it will go quiet now until after German elections in September 2013.
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