... messages from the current Euro crisis is that the European governance model doesn't work. It is too slow, bureaucratic, costly, with too much room for interpretation and not enough weight on the common decisions. Almunia is right on his address, and, if we don't act on it, then the Euro will be a weak and failed project - and Europe will slip on its global importance, with all the consequences that will have from a quality of living standpoint...
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