Incoherent EU economic policy won't deliver a swift recovery

Incoherent EU economic policy won't deliver a swift recovery
 

The axeman? José Manuel Barroso, president of the European commission, in London last week. Photograph: Facundo Arrizabalaga/EPA Whatever the Eurosceptics may say, presidents of the European commission do serve one important function: scuttling big projects that have become politically toxic. A decade ago, Romano Prodi declared "stupid" the fiscal straightjacket of the early euro era, and that put paid to the growth and stability pact. At first, when small fry such as Ireland and Portugal broke the pact they were rebuked – even fined – by the commission. When France and Germany... read more

 
9 June 2013 in World News, Views: 15
Source: Guardian
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